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Slides from our 10/1 US Commercial Real Estate Regional Deep Dive Webinar. This webinar focused on the metros in the PAC 12 and Big 12 conference regions.
Citation preview
NCAA Football Conference Webinar
October 2014
Auction.com Research
Atlantic Coast Conference
ACC Region Economy and Demographics*
3
ACC Region Recovery Chugging Along ACC Region Employment Approaching Pre-
Recession Level ACC Region Job Count Growing on Par with
US
Regional Population Growth Outpacing Nation
Sources: Census Bureau, BLS, Maximus Advisors *ACC region defined as: DC,FL,GA,MD,NC,PA,SC,VA
ACC: Underrated
4
Raleigh-Durham Warehouse Job Count Reaching Devilishly High Levels
Valuations Will Remain High, Driven by Booming Biotech in Research Triangle
Sources: BLS, Reis, Maximus Advisors forecasts
Raleigh Warehouse Vacancies Will Reach New Lows
ACC: Overrated
5
Washington, DC Metro Area
DC Region Employment Growth Leveling Off Recently
Regional Population Growth Has Slowed
Sources: Census Bureau, BLS, Maximus Advisors
ACC: Overrated
6
Washington, DC Metro Area DC Office and Multifamily Valuations Will
Remain Range-Bound Through 2018
Suburban Maryland Valuations Moving Slower Than a Terrapin; Multifamily to
Decrease
Sources: Reis, Maximus Advisors forecasts
Northern Virginia CRE Valuations Leveling Off
ACC: Bold Prediction
7
Miami Hospitality
Hotel Occupancies To Decline Amid Supply Additions Sweeping In Like a Hurricane
RevPAR Growth Will Slow Due to Increased Supply
Sources: STR, Maximus Advisors forecasts
ACC: Cellar Dweller
8
Pittsburgh Pittsburgh Employment Has Been Range-
Bound for Years… …While Population Growth is Non-Existent
Sources: BLS, Census Bureau, Reis, Maximus Advisors forecasts
Valuations Look to Remain Flat Through 2018
Big East Conference
Big East Region Economy and Demographics*
10
Big East Region Underperforming US
Big East Job Count Has Surpassed Prior Peak…
…But Job Growth Lagging US Pace
Regional Population Growing Only Half US Pace
Sources: Census Bureau, BLS, Maximus Advisors *Big East region defined as: CT,MA,NY,NJ,RI
Big East: Underrated
11
New York City Office New York City Office Employment Storming
Ahead
Sources: BLS, Reis, Maximus Advisors forecasts
Vacancies Will Approach 8% by 2018
Vacancies Have Descended Despite Massive New Supply
Big East: Overrated
12
Boston Apartment Boston May Be Overbuilding… Boston Apartment Vacancies Flying Like an
Eagle Due to Massive New Supply Additions
Sources: BLS, Reis, Maximus Advisors forecasts
Apartment Vacancies Already on the Rise, Will Plateau Near 6% as Supply Overtakes Demand
Big East: Bold Prediction
13
New York City Hospitality RevPAR Growth Stunted by Massive Supply
Pipeline NYC Hotel Occupancies to Fall Off in
Coming Years
Sources: STR, Maximus Advisors
NYC Hotel Valuations Will Remain Quiet Through 2017
Big East: Cellar Dweller
14
New Jersey
Argh Matey! New Jersey Population Growth Slowing
New Jersey Payrolls Still Well Below Pre-Recession Peak
Sources: BLS, Census Bureau, Maximus Advisors
Big East: Cellar Dweller
15
New Jersey
Central NJ Valuations Losing the Hunt for Buried Treasure
Northern NJ Valuations Heading Nowhere; Multifamily Walking the Plank
Sources: Reis, Maximus Advisors forecasts
Thank you for joining us for our NCAA Webinar series!
Peter Muoio, Ph.D. 646-‐352-‐9510 pmuoio@auc<on.com
For our latest insights follow us at: www.auc4on.com/blog Twi9er: @maximusiQ Facebook: MaximusiQ Linkedin: Maximus Advisors www.auc4on.com
For general inquiries please email: [email protected]