Unless I am mistaken, “emerging markets” are nations or countries such as China, India, Indonesia, Brazil or Russia. Other countries that are also considered as emerging markets include Mexico, Argentina, South Africa, Poland, Turkey, and South Korea. If you’re asking which city in the US appears to be strongest place for a commercial real estate investment, I would say look at the employment rate, and not only the current employment rate but a least for the past two years, and that should be good indicator.
Here is a good website with Geographic Comparisons related to Employment Growth:
Jul 27, 2010