us cre regional deep dive - pac 12 and big 12 conference regions
Post on 05-Jul-2015
112 Views
Preview:
DESCRIPTION
TRANSCRIPT
NCAA Football Conference Webinar
October 2014
Auction.com Research
Pac-12 Conference
Pac-12 Region Economy and Demographics*
3
Pac-12 Region in Good Shape Pac-12 Region Has Recovered All Jobs Lost in Recent Recession, Achieving New Highs
Pac-12 Region Job Count Up 2.5% Over Past Year
Regional Population Growth Outpacing US
Sources: Census Bureau, BLS, Maximus Advisors *Pac-12 region defined as: AZ,CA,CO,NV,OR,UT,WA
Pac-12: Underrated
4
Denver
Job Count is Getting Higher than its Residents
High Times for Denver’s Hotel Market Following Legalization…
…And CRE Vacancies Will Descend Across the Board
Sources: BLS, STR, Reis, Maximus Advisors forecasts
Pac-12: Underrated
5
Seattle
Seattle Payrolls Flying High as a Kite
Seattle Massively Increasing Hotel Supply to Accommodate Smokin’ Hot Influx of Tourists…
While Local Population is Growing 2.5 Times Faster Than US
Sources: BLS, STR, Census Bureau, Reis, Maximus Advisors forecasts
Pac-12: Overrated
6
Bay Area Retail
Bay Area Retail Vacancies Still Near Their Peak
Bay Area Retail Valuations Will Remain Flat Through 2018
Sources: Census Bureau, Reis, Maximus Advisors forecasts
Pac-12: Bold Prediction
7
San Jose
San Jose’s Economy Lacks Diversity; 43% of its Economy is Tech-Related vs. 24% for
US
San Jose’s Economy Is Vulnerable to a Tech Slowdown, Which May Be in its
Infancy
Sources: BLS, Maximus Advisors
Pac-12: Cellar Dweller
8
Salt Lake City
Salt Lake City Retail and Multifamily Vacancies Heading Nowhere
CRE Valuations in Salt Lake City Will Remain Quiet Through 2018
Sources: Reis, Maximus Advisors forecasts
Big 12 Conference
Big 12 Region Economy and Demographics*
10
In Big 12 vs. US Match-Up, Big 12 Comes Out on Top
Big 12 Region Job Count at New Highs Job Growth Nearly Double US Pace
Regional Population Growth as Strong as the Sooners
Sources: Census Bureau, BLS, Maximus Advisors *Big 12 region defined as: KS,OK,TX
Big 12: Underrated
11
Fort Worth Office Fort Worth Office Employment Leap-
Frogging to New Peaks…
Sources: BLS, Reis, Maximus Advisors forecasts
…Which Has Already Helped the Office Market Recovery
Vacancies Will Approach 10% by 2018
Big 12: Overrated
12
Austin Apartment Austin Seems to be Hooked
on Overbuilding Austin Apartment Vacancies Heading North
Due to Massive New Supply Additions
Sources: BLS, Reis, Maximus Advisors forecasts
Apartment Vacancies Already on the Rise, Will Plateau Near 7%
Big 12: Bold Prediction
13
Texas Retail
State Population Growth More Than Double the US Pace Texas Job Count Soaring
Sources: BLS, Census Bureau, Maximus Advisors
Big 12: Bold Prediction
14
Texas Retail
Texas Retail Valuations Should All Rise to New Heights
Major Texas Metros Will See Retail Vacancies Descend Through 2018
Sources: Reis, Maximus Advisors forecasts
Big 12: Cellar Dweller
15
Kansas City
Kansas City’s Population Growth Has Slowed
Kansas City Payrolls Still Below Pre-Recession Peak
Sources: BLS, Census Bureau, Maximus Advisors forecasts
Big 12: Cellar Dweller
16
Kansas City Apartment & Retail Kansas City Retail Market Will Remain
Quiet Through 2018 Kansas City Apartment Vacancies Will
Plateau Around 5%
Sources: Reis, Maximus Advisors forecasts
We Expect Both Retail and Apartment Valuations to Remain Flat
Coming Up…
Peter Muoio, Ph.D. 646-‐352-‐9510 pmuoio@auc<on.com
For our latest insights follow us at: www.auc4on.com/blog Twi9er: @MaxRockResearch Facebook: MaxRockResearch Linkedin: Maximus Advisors www.auc4on.com
top related