GLOBAL INSTABILITY. China slowing down Demographics in Japan Shaky Euro Zone. Greece just the start Southern Europe to follow?
|
|
|
- Roland Sims
- 5 years ago
- Views:
Transcription
1
2
3 GLOBAL INSTABILITY China slowing down Demographics in Japan Shaky Euro Zone Greece just the start Southern Europe to follow? Brazil Inflation Russia? New Black Swan Event
4 STRENGTHENING OF THE U.S. ECONOMY The U.S. Dollar Index Federal Rates Global Money to follow Real GDP U.S. Exports more costly Federal Deficit 2009 = $1.4 Trillion 2014 = $514 Billion 3% of GDP 40 year average Source: Bloomberg Business
5 MORE GOOD NEWS OIL - thru 2015 Oil Dividends to U.S. Consumers 50% to Personal Savings 25% to Pay Down Debt 25% to New Consumer Spending
6 EMPLOYMENT GROWTH 4.0% 3.0% 2.0% 1.0% 0.0% -1.0% (P) -2.0% -3.0% -4.0% US Employment Growth Source: U.S. Bureau of Labor Statistics
7 EMPLOYMENT GROWTH 4.0% 3.0% 2.0% 1.0% 0.0% -1.0% (P) -2.0% -3.0% -4.0% SF Employment Growth SD Employment Growth US Employment Growth Source: U.S. Bureau of Labor Statistics
8 Cumulative percent change since 1948 WAGE STAGNATION 160.0% 140.0% 120.0% 100.0% 80.0% 60.0% 40.0% 20.0% 0.0% Labor Productivity Real Hourly Compensation Source: U.S. Bureau of Labor Statistics
9 WAGE STAGNATION Since mid-1970 s labor productivity has increased at a faster pace than real hourly compensation Real = purchasing power Wages froze during The Great Recession, rather than cut Excessive unemployment also suppressed wage growth After recession, wages are not raising as quickly pent-up wage deflation
10 Cumulative percent change since 1998 PERSONAL INCOME GROWTH 120.0% 100.0% 80.0% 60.0% 40.0% 20.0% 0.0% U.S. Source: U.S. Department of Commerce, Bureau of Economic Analysis
11 Cumulative percent change since 1998 PERSONAL INCOME GROWTH 120.0% 100.0% 80.0% 60.0% 40.0% 20.0% 0.0% U.S. South Dakota Sioux Falls MSA Source: U.S. Department of Commerce, Bureau of Economic Analysis
12 WAGE STAGNATION Possible Solutions Restore full employment Not raising interest rates until wage growth is improved Public investments to create jobs and future productivity growth Increase wages Increase consumer Demand (Real Income)
13
14 SIOUX FALLS MSA EMPLOYMENT (Non-Farm) 150, , ,000 75,000 50,000 25, (P) Source: U.S. Bureau of Labor Statistics
15 TOTAL BUILDING PERMITS $700,000,000 $600,000,000 $500,000,000 $400,000,000 $300,000,000 $200,000,000 $100,000,000 $ Commercial Residential Source: City of Sioux Falls, Planning and Building Services
16 TOTAL BUILDING PERMITS (without 2014 hail damage figures) $700,000,000 $600,000,000 $500,000,000 $400,000,000 $300,000,000 $200,000,000 $100,000,000 $ Commercial Residential 2014 Hail Damage Source: City of Sioux Falls, Planning and Building Services
17 REGIONAL COMPARISONS Sioux Falls $ 619,502,240 Rapid City, SD $ 214,924,663 Fargo, ND $1,012,135,745 Rochester, MN $ 452,506,560 Omaha, NE $ 697,966,202 Des Moines, IA $ 340,181,808
18 NEW COMMERCIAL CONSTRUCTION $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $ Industrial Retail Office Other Source: City of Sioux Falls, Planning and Building Services
19 EXAMPLES OF CONSTRUCTION New Construction: Scheel s Ice Plex - $8,000,000 HiRoller Conveyor - $7,000,000 First Saving Bank - $2,000,000 Burlington Coat Factory - $3,439,000 Susan B. Anthony School - $8,025,958 Additions/Remodel: Plaza Downtown Building - $6,695,000 Sioux Falls Regional Airport - $10,500,000 Downtown YMCA - $5,004,000 Sanford Cancer Center & Skywalk - $3,900,000
20 2015 PREDICTIONS Sioux Falls Economic Outlook Job Growth: 1,800 2,000 jobs Primarily in Retail and IT Construction: Retail Office Industrial Residential Construction Single-Family Multi-Family
21 ROB FAGNAN Minneapolis Native Southwest Minnesota State Joined Bender Commercial in 2005 New Father 2014 Fun Fact: Sioux Falls Storm QB
22
23 LAND SALES MARKET Unimproved Land - $ per acre Retail Office Industrial Multi-family $ per square foot
24 LAST YEAR S PREDICTIONS Unimproved Land Sales Improved Land Sales Price
25 # of Transactions UNIMPROVED LAND
26 UNIMPROVED LAND acres $25,910/acre acres $59,196/acre acres $32,553/acre acres $54,634/acre acres $38,818/acre
27 UNIMPROVED LAND acres $25,910/acre acres $59,196/acre acres $32,553/acre acres $54,634/acre acres $38,818/acre 2013 Land Sale 2012 Land Sale
28 NEW RESIDENTIAL PERMITS (Supply) 4,000 3,500 3,000 2,500 2,000 1,500 1, Available Lots Source: City of Sioux Falls, Planning and Building Services
29 NEW RESIDENTIAL PERMITS (Supply v. Demand) 4,000 3,500 3,000 2,500 2,000 1,500 1, Permits Available Lots Source: City of Sioux Falls, Planning and Building Services
30 # of Transactions IMPROVED LAND TRANSACTIONS # Transactions
31 # of Transactions $ Million IMPROVED LAND TRANSACTIONS $40.00 $35.00 $30.00 $25.00 $20.00 $15.00 $10.00 $ # Transactions Sales Volume $-
32 # of Transactions TRANSACTION BY LAND USE Office Multi-Family Industrial Retail
33 PRICING LOW HIGH OFFICE $3.04/sq. ft. $7.68/sq. ft. RETAIL $3.00/sq. ft. $14.50/sq. ft. INDUSTRIAL $1.62/sq. ft. $4.00/sq. ft. MULTI-FAMILY $1.20/sq. ft. $3.00/sq. ft.
34 INFILL SITES $15.00 to $35.00/sq. ft & 1608 W. Russell St. 75,000 sq. $15.33/sq. ft. 805 S. Minnesota Ave. 9,900 sq. $14.65/sq. ft S. 2 nd Ave. 47,400 sq. $18.99/sq. ft.
35 CONCLUSIONS & PREDICTIONS Unimproved Land Sales Improved Land Sales Price
36 REGGIE KUIPERS Platte HS University of Sioux Falls Joined Bender in 2010 New Father 2015 SIOR Candidate Fun Fact: Participated in 2 Tough Mudders
37
38 MAJOR RETAIL FOCAL POINTS Sector Total Sq. Ft. Vacancy Rate Asking Lease Rates per Sq. Ft. (NNN) 57 th & Western 92,774 sq. ft. 0.0% $ $ th & Louise 151,828 sq. ft. 0.0% $ $ th & Western 53,985 sq. ft. 0.0% $ $ th & Minnesota 64,462 sq. ft. 2.79% $ $ th & Marion 99,346 sq. ft. 17.5% $ $18.00 Mall Area 588,242 sq. ft. 3.0% $ $30.00 Dawley Farm Area 141,584 sq. ft. 9.1% $ $22.50 Total 1,192,221 sq. ft. 4.2%
39 RESTAURANTS
40 RESTAURANTS Huge Increase in restaurant expansion Qdoba, Pita Pit, Noodles, Jimmy Johns, Zoup, Wingstop, Panda Express, Jimmy Johns, 5 Guys Restaurant Row 2.0 Lake Lorraine Minimum Wage
41 RESTAURANTS 6.6% in Restaurant Sales (Gross Sales = $497M in 2014) LOSERS Fast Food Frozen Yogurts Other WINNERS Fast Casual QSR Health Conscious Neighborhood Bars Unique Concepts
42 RETAIL EVOLUTION Mobile Shopping Metropolitan Areas Millennial Generation
43 NATIONAL RETAILERS
44 RETAIL MARKET CONCLUSIONS & PREDICTIONS Conclusions: Vacancy Rental Rates Corporate / National Interest Construction Predictions: New Construction ($40M) 85 th Street, Minnesota Avenue, Dawley, 41 st Street Big Box Availability Downtown Retail
45 RETAIL MARKET REAL ESTATE CYCLE
46 ANDI ANDERSON, SIOR Mitchell HS Desert Storm Veteran Joined Bender in Children Fun Fact: 3D Archery Champ
47
48 Square Feet SIOUX FALLS 16,000,000 13,618,750 sq. ft. 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000, Tenant Occupied Owner-Occupied
49 Square Feet CBD INVENTORY 2,326,937 sq. ft. 0.7% 2,500,000 2,000,000 1,500,000 1,000, ,
50 CBD INVENTORY
51 CBD VACANCY RATE 11.9% 18.0% 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0%
52 CBD OFFICE MARKET
53 Square Feet CBD NET ABSORPTION - 59,925 sq. ft. 160% 175, , , ,000 75,000 50,000 25,000 - (25,000) (50,000) (75,000)
54 CBD OFFICE PREDICTIONS Inventory Absorption Vacancy Rental Rates
55 Square Feet 5,000,000 4,500,000 4,000,000 3,500,000 SUBURBAN INVENTORY 4,626,037sq. ft. 2.3% 3,000,000 2,500,000 2,000,000 1,500,000 1,000, ,
56 Square Feet SUBURBAN NET ABSORPTION 700, , , ,590 square feet in , , , ,000 - (100,000)
57 SUBURBAN VACANCY RATE 18.0% 7.5% 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0%
58 SUBURBAN OFFICE PREDICTIONS Inventory Absorption Vacancy Rental Rates
59 HISTORIC VACANCY (Citywide) 20.0% 18.0% 16.0% 14.0% 12.0% 10.0% 9% 8.0% 6.0% 4.0% 2.0% 0.0% Sioux Falls
60 HISTORIC VACANCY (Citywide) 20.0% 18.0% 17% 16.0% 14.0% 12.0% 10.0% 9% 8.0% 6.0% 4.0% 2.0% 0.0% Sioux Falls National
61 ASKING RENTAL RATES (By Class - NNN) Low High Class A Space $13.50 $17.00 Class B/C Space $8.00 $11.00
62 Square Feet NET ABSORPTION (Citywide) 800, , , , , , , ,
63 OFFICE MARKET PREDICTIONS Continued Positive Net Absorption Vacancy Rental Rates Limited Spec Building
64 OFFICE MARKET REAL ESTATE CYCLE
65 NICK GUSTAFSON, CCIM Missouri Native Augustana College Joined Bender in Children Fun Fact: Cigar Aficionado
66
67 INVESTMENT & COMMERCIAL SALES MARKET OVERVIEW Asset Class Performance Multi-Family Market Office Market Retail Market 2014 Trends & Conclusions 2015 Predictions
68 # of Units MULTI-FAMILY BUILDING PERMITS (Supply) 1,600 1,400 1,200 1, Multi-Family Source: City of Sioux Falls, Planning and Building Services
69 # of Units MULTI-FAMILY BUILDING PERMITS (Supply) 1,600 1,400 1,200 1, Multi-Family Town House Source: City of Sioux Falls, Planning and Building Services
70 MULTI-FAMILY VACANCY RATE Sioux Falls MSA (Demand) 16.00% 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% Sioux Falls U.S.
71 $ Millions MULTI-FAMILY MARKET $ Year Multi-Family Sales Volume $50.00 $40.00 $30.00 $20.00 $10.00 $ Year Average
72 NOTABLE 2014 MULTI-FAMILY SALE 6206 South Avalon Avenue $4,291,000 ($79,462/unit) 54 units Built 2008 Sold April % Cap Rate
73 NOTABLE 2014 MULTI-FAMILY SALE 3501, 3505, 3601 & 3609 South West Avenue $1,208,000 ($43,143/unit) 28 units Built 1974 Sold July % Cap Rate
74 NOTABLE 2014 MULTI-FAMILY SALE 1201 East 57 th Street & 4901 South MacArthur Lane $1,200,000 ($42,857/unit) 24 units Built 1984 Sold February % Cap Rate
75 $ Millions OFFICE PROPERTY SALES $ Year Office Sales Volume $70.00 $60.00 $50.00 $40.00 $30.00 $20.00 $10.00 $ Year Average
76 NOTABLE 2014 OFFICE SALE 4701 West Research Drive $1,900,000 ($125.98/sq. ft.) 15,082 sq. ft. Built in 2007
77 NOTABLE 2014 OFFICE SALE 4601 West Homefield Drive $1,340,000 ($105.40/sq. ft.) 12,714 sq. ft. Built in 1998
78 NOTABLE 2014 OFFICE SALE 4610 South Technopolis Drive $1,070,000 ($96.66/sq. ft.) 11,070 sq. ft. Built in % Cap Rate
79 $ Millions RETAIL PROPERTY SALES $ Year Retail Sales Volume $50.00 $40.00 $30.00 $20.00 $10.00 $ Year Average
80 NOTABLE 2014 RETAIL SALE 2804 South Louise Avenue $4,550,000 ($94.80/sq. ft.) 47,995 sq. ft. Built in % Cap Rate
81 NOTABLE 2014 RETAIL SALE 2812 South Louise Avenue $7,700,000 ($197.61/sq. ft.) 38,966 sq. ft. Built in % Cap Rate
82 NOTABLE 2014 RETAIL SALE 2600 South Louise Avenue $4,800,000 ($171.53/sq. ft.) 27,984 sq. ft. Built in % Cap Rate
83 SALES VOLUME REPORT CARD Multi- Family Office Retail 2014
84 SALES VOLUME REPORT CARD Multi- Family Office Retail
85 SALES VOLUME REPORT CARD Multi- Family Office Retail Cap Rates 7.0% 8.0% 7.0% - 8.5% 7.0% - 8.0%
86 INVESTMENT & COMMERCIAL SALES REAL ESTATE CYCLE Retail Multi-Family Office
87 DOUG BROCKHOUSE, SIOR Sioux Falls Native SD School of Mines Joined Bender in 1997 Fun Fact: Emergency Dive Team - Dove 1300
88
89 INDUSTRIAL MARKET Basis of our Data We define the industrial market as those properties used for: Manufacturing Warehousing Distribution Transportation Contractor Shop Space
90 INDUSTRIAL MARKET Sioux Falls 771 Buildings = 15.6 M Tea 313 Buildings = 2.4 M (2.45% vacancy)
91 INDUSTRIAL MARKET Sioux Falls Tea 30.5% 22.1% 69.5% 77.9% Owner-Occupied Non-Owner Occupied Owner-Occupied Non-Owner Occupied
92 VACANT JANUARY 1, 2014 Sioux Falls 536,104 sq. ft. (3.51%) Absorbing 2,964 sq. ft./day 182 Days
93 INDUSTRIAL CONSTRUCTION New Construction Completed during calendar year , , , , , , , , ,000 50,000-6 New Buildings and 6 Additions Completed in 2014 (149,633 sq. ft.)
94 INDUSTRIAL CONSTRUCTION
95 EXISTING SPACE TURNOVER 800, , , , , , ,000 The amount of existing space that came on the market in 2014 was up only 0.4% from ,000 -
96 AVAILABLE SPACE IN Vacant as of January 1, ,104 sq. ft. 2 New Construction in ,633 sq. ft. 3 Existing Space Turnover 695,145 sq. ft. Total Available Space 1,380,882 sq. ft.
97 1.77% 3.76% 3.24% 3.81% 4.63% 4.18% 4.02% 3.51% INDUSTRIAL VACANCY 5.00% 4.50% 4.00% 3.50% 3.00% 2.50% 276,645 sq. ft. 2.00% 1.50% 1.00% 0.50% 0.00% Tea = 2.45% (59,310 sq. ft.) 7.4% in 2013
98 NET ABSORPTION Total Available Space Vacant as of January 1, ,380,882 sq. ft. ( 276,645 sq. ft.) Net Absorption 1,104,237 sq. ft.
99 NET ABSORPTION 1,200,000 1,000, , , ,000 In 2014, the Industrial market absorbed 2.8% more than in ,000 -
100 SUPPLY Absorbing 3,025 sq. ft./day 276,645 sq. ft. Vacant 91 Days
101 INDUSTRIAL MARKET Net Absorption Sale Leases
102 INDUSTRIAL MARKET SALES 2205 & 2209 East 39 th Street North 97,800 sq. ft. (2 Buildings) $3,500,000 = $35.59/sq. ft.
103 INDUSTRIAL MARKET SALES 1400 East Robur Drive 12,024 sq. ft. $585,000 = $48.65/sq. ft.
104 INDUSTRIAL MARKET SALES 3601 North Potsdam Avenue 9,229 sq. ft $610,000 = $66.10/sq. ft.
105 INDUSTRIAL MARKET SALES 42 Sales Ranging from $12.50 to $98.00/sq. ft. Average = $42.00/sq. ft.
106 INDUSTRIAL MARKET LEASES 4001 North Jessica Avenue 12,500 sq. ft. $4.98/sq. ft. NNN
107 INDUSTRIAL MARKET LEASES 3518 North Casco Avenue 3,600 sq. ft. $5.85/sq. ft. NNN
108 $3.75 $4.75 $3.95 $4.15 $4.35 $4.55 $3.75 $4.75 $4.75 $4.00 $4.00 $4.15 $4.40 $5.00 INDUSTRIAL MARKET RENTAL RATES $6.00 $5.00 $4.00 $3.00 $2.00 $1.00 $-
109 INDUSTRIAL MARKET RENTAL RATES Today s $5.00/SF Rent $5.00 Net - $1.00 Expenses $4.00 Income $4.00/SF 8% required rate of return = $50.00/SF to Complete Construction
110 Hartford Tea Sioux Falls Brandon Harrisburg Canton
111 INDUSTRIAL MARKET CONCLUSIONS & PREDICTIONS Surrounding Communities will continue growth 25-30% of All-in Construction = Land Cost Some communities have cheap or free land Lack of 2014 construction 2015 should be stronger Large users are looking The 2015/2016 Challenge
112 INDUSTRIAL MARKET REAL ESTATE CYCLE
113
Big Changes, Unknown Impacts
Big Changes, Unknown Impacts Boulder Economic Forecast Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations January 17, 2018 Real GDP Growth
MAINTAINING MOMENTUM:
MAINTAINING MOMENTUM: 2018 National Economic Update September 12, 2018 noun mo men tum \ mō-ˈmen-təm, mə- \ 1 b : the strength or force that allows something to continue or to grow stronger or faster as
ABA Commercial Real Estate Lending Committee
ABA Commercial Real Estate Lending Committee Commercial Real Estate Outlook The Good, the Bad and the Ugly January 16, 2019 Rob Strand Senior Economist American Bankers Association aba.com 1-800-BANKERS
Economic Overview. Melissa K. Peralta Senior Economist April 27, 2017
Economic Overview Melissa K. Peralta Senior Economist April 27, 2017 TTX Overview TTX functions as the industry s railcar cooperative, operating under pooling authority granted by the Surface Transportation
CU Real Estate Forum. The Game is Still Going. The Longest 7 th Inning Ever. Presenter: Doug Wulf. Monday, December 7, 2015
CU Real Estate Forum The Game is Still Going The Longest 7 th Inning Ever Presenter: Doug Wulf Monday, December 7, 2015 Out! Safe! Where Are We in the Cycle? Recession-Recovery Table History is not on
U.S. Property Market Outlook, 2013Q1. Jim Costello, Managing Director CBRE Americas Research Investment Research
U.S. Property Market Outlook, 2013Q1 Jim Costello, Managing Director CBRE Americas Research Investment Research CBRE Page 2 Outlook for the Real Side of the Economy Operationally, what do Research Teams
Transitions: 2019 Economic Forecast for Metro Denver February 6, 2019
Transitions: 2019 Economic Forecast for Metro Denver February 6, 2019 Prepared by: Can Stock Photo / jkirsh In Partnership with: Consumer Changes and Influences Slowing population growth Aging of the population
Bob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Trends. September 10, 2013
Bob Costello Chief Economist & Vice President American Trucking Associations Economic & Motor Carrier Industry Trends September 10, 2013 The Freight Economy Washington continues to be a headwind on economic
Texas Housing Markets: Metropolitan vs. Border Communities. September 22, 2014
Texas Housing Markets: Metropolitan vs. Border Communities Luis Bernardo Torres Ruiz, Ph.D. Research Economist El Paso Branch Dallas Federal Rio Grande Economic Association September 22, 2014 Contents
THE MOST INFORMATIVE EVENT COVERING REAL ESTATE INVESTMENTS
THE MOST INFORMATIVE EVENT COVERING REAL ESTATE INVESTMENTS 2014 U.S. Economic, Capital Markets, and Retail Market Overview and Outlook Retail Trends 2014 U.S. Economic Overview and Outlook Total Employment
Southern California Economic Forecast & Industry Outlook
2016-17 Southern California Economic Forecast & Industry Outlook Robert A. Kleinhenz, Ph.D. Sr. VP/Chief Economist, LAEDC February 17, 2016 Outline U.S. Economy California Economy Southern California Economy
Bob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Update.
Bob Costello Chief Economist & Vice President American Trucking Associations Economic & Motor Carrier Industry Update February 26, 2013 The Worst Recession Since the Great Depression 0% Loss from Peak
10 County Conference. Richard Wobbekind. Executive Director Business Research Division & Senior Associate Dean Leeds School of Business
10 County Conference Richard Wobbekind Executive Director Business Research Division & Senior Associate Dean Leeds School of Business Hmm... (http://myfallsemester.blogspot.com) Real GDP Growth Percent
2019 ECONOMIC FORECAST AND FINANCIAL MARKET UPDATE
2019 ECONOMIC FORECAST AND FINANCIAL MARKET UPDATE January 14, 2019 Scott Colbert, CFA Executive Vice President Director of Fixed Income & Chief Economist scott.colbert@commercebank.com GLOBAL GROWTH EXPECTATIONS
colorado.edu/business/brd
colorado.edu/business/brd Big Changes, Unknown Impacts Southwest Business Forum Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations January
Telling Canada s story in numbers Elizabeth Richards Analytical Studies Branch April 20, 2017
Recent Developments in the Canadian Economy: How have the decline in oil prices and a weaker Canadian dollar affected Canada s economy? www.statcan.gc.ca Telling Canada s story in numbers Elizabeth Richards
MUSTAFA MOHATAREM Chief Economist, General Motors
MUSTAFA MOHATAREM Chief Economist, General Motors INTRODUCTION The U.S. economy continues to grow at a gradual but also erratic pace The current recovery is one of the slowest in the post-wwii U.S. history.
Current Hawaii Economic Conditions. Eugene Tian
Current Hawaii Economic Conditions Eugene Tian Department of Business, Economic Development & Tourism At the PATA/TTRA 2016 Annual Outlook & Economic Forecast Forum February 3, 2016 Positive Signs in the
Colorado Economic Update
Colorado Economic Update Steamboat Economic Summit Place cover image here Brian Lewandowski Associate Director, Business Research Division October 21, 2016 Recession 8 Months Recession 18 Months Real GDP
ORLANDO MSA MARKET OVERVIEW LAST UPDATED: MAY 2018
ORLANDO MSA MARKET OVERVIEW LAST UPDATED: MAY 2018 Orlando MSA Market Overview Labor Market Payroll Employment Commercial Real Estate Residential Real Estate Consumer Spending Visitor Industry Labor Market
Economy On The Rebound
Economy On The Rebound Robert Johnson Associate Director of Economic Analysis November 17, 2009 robert.johnson@morningstar.com (312) 696-6103 2009, Morningstar, Inc. All rights reserved. Executive
Economic Outlook March Economic Policy Division
Economic Outlook March 212 Economic Policy Division Real GDP Outlook Percent Change, Annual Rate 2 1 1 - -1 197 197 198 198 199 199 2 2 21 U.S. GDP Actual and Potential Quarterly, Q1 197 to Q4 211 Real
FOR SALE/LEASE 7017 W 10TH STREET GREELEY, CO. Gage Osthoff View more Realtec listings at:
REALTEC LISTING FOR SALE/LEASE 7017 W 10TH STREET Gage Osthoff 970.346.9900 gosthoff@realtecgreeley.com View more Realtec listings at: www.realtec.com Realtec 1711 61st Ave., Ste.104 Greeley, CO 80634
Percent of Brokerages by Size
Percent of Brokerages by Size 80% 70% 60% 58.4% 50% 40% 30% 28.7% 20% 10% 0% #: +23.6% -7.3% +9.9% 0.1% 0.1% 0.2% 0.5% 0.6% 1.8% 2.6% 1,000+ 500-999 300-499 100-299 50-99 20-49 10-19 5-9 2-4 Single Brokers
Will 2016 Be the Last Hurrah for Commercial Real Estate? Presented By: John Chang First Vice-President Marcus & Millichap Research Services
Will 2016 Be the Last Hurrah for Commercial Real Estate? Presented By: John Chang First Vice-President Marcus & Millichap Research Services Rising Uncertainty Creating Headwinds for Commercial Real Estate
More of the Same; Or now for Something Completely Different?
More of the Same; Or now for Something Completely Different? C2ER Place cover image here Richard Wobbekind Chief Economist and Associate Dean for Business and Government Relations June 14, 2017 Real GDP
The Economic Outlook. Economic Policy Division
The Economic Outlook Economic Policy Division Glass Half Full Six plus years of moderate growth Real GDP Outlook Percent Change, Annual Rate 10 5 0-5 -10 1980 1985 1990 1995 2000 2005 2010 2015 Glass Half
Global economy s strong momentum intact despite elevated level of uncertainty. Canada headed for another year of solid growth
ECONOMICS I RESEARCH Global economy s strong momentum intact despite elevated level of uncertainty Canada headed for another year of solid growth Dawn Desjardins (Deputy Chief Economist) (416) 974-6919
The Global Economy: Sustaining Momentum
The Global Economy: Sustaining Momentum David J. Stockton Senior Fellow Peterson Institute for International Economics Chief Economist Monetary Policy Analytics October 5, 2017 What s Driving the Global
Global economy maintaining solid growth momentum. Canada leading the pack
Global economy maintaining solid growth momentum Canada leading the pack Dawn Desjardins (Deputy Chief Economist) (416) 974-6919 dawn.desjardins@rbc.com September 2017 Brighter global outlook gains traction
Economic Update and Outlook
Economic Update and Outlook NAIOP Vancouver Chapter November 15, 2012 Helmut Pastrick Chief Economist Central 1 Credit Union Outline: Global, U.S., and Canadian economic conditions Canada economic and
The Wisconsin and Minnesota Economies: What can we learn from each other? Noah Williams
The Economies: What can we learn from each other? Noah University of Wisconsin - Madison Future Wisconsin Summit 2016 Economies Location, size, demographics, and history make Wisconsin and Minnesota natural
Composition of Federal Spending
*For Institutional Use Only* Demographic and Economic Trends: Growth, Debt and Promises Douglas C. Robinson RCM Robinson Capital Management LLC SEC Registered Investment Advisory Firm Advisory services
Canadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States?
Canadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States? Nigel Gault Chief U.S. Economist Dale Orr Canadian Macroeconomic Services Copyright 2008 Global Insight, Inc.
The Economic Outlook. Economic Policy Division
The Economic Outlook Economic Policy Division Glass Half Full Six years of steady growth Real GDP Outlook Percent Change, Annual Rate 10 5 0-5 -10 1980 1985 1990 1995 2000 2005 2010 2015 Glass Half Full
RISI Housing Report An Update on the Housing Market
RISI Housing Report An Update on the Housing Market North American Conference October 2018 Jennifer Coskren Senior Economist Agenda Current housing demand and demographic conditions Supply and impediments
The U.S. Economic Outlook
The U.S. Economic Outlook Presented to: Maquiladora Industry Outlook Conference September 29 2006 Presented by: Patrick Newport Principal, U.S. Macroeconomic Service 781-301-9125 patrick.newport@globalinsight.com
Freddy s Frozen Custard & Steakburgers : Sale Leaseback : 5.65%
Freddy s Frozen Custard & Steakburgers : Sale Leaseback : 5.65% PRICE:........................ $2,212,389 RENTABLE SF:...................... 3,053 SF ANNUAL RENT:................. $125,000 LOT SIZE:...........................869
From Recession to Recovery
From Recession to Recovery Monday, April 26, 2010 8:00 AM - 9:15 AM Moderator Michael Klowden, President and CEO, Milken Institute Speakers Mohamed El-Erian, CEO and Co-Chief Investment Officer, Pacific
2015 Economic Forecast & Industry Outlook. Robert A. Kleinhenz, Ph.D. Chief Economist, Kyser Center for Economic Research, LAEDC October 8, 2014
2015 Economic Forecast & Industry Outlook Robert A. Kleinhenz, Ph.D. Chief Economist,, LAEDC October 8, 2014 Outline U.S. Economy California Economy Southern California Economy & Industries Five-Year Outlook
BC Pension Forum. Economic Outlook. Presented by: Ben Homsy, CFA Portfolio Manager
BC Pension Forum Economic Outlook Presented by: Ben Homsy, CFA Portfolio Manager 1694 1704 1713 1723 1732 1741 1751 1760 1770 1779 1788 1798 1807 1817 1826 1836 1845 1854 1864 1873 1883 1892 1901 1911
A comment on recent events, and...
A comment on recent events, and... where we are in the current economic cycle November 15, 2016 Mark Schniepp Director Likely Trump Policies $4 to $5 Trillion in tax cuts over 10 years to corporations,
The Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies
The Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies Chief Economist, PAGI Group, JLL (Port, Airport & Global Infrastructure) Agenda Where are we in the cycle? What are the barriers
National and Regional Economic Outlook. Central Southern CAA Conference
National and Regional Economic Outlook Central Southern CAA Conference Dr. Mira Farka & Dr. Adrian R. Fleissig California State University, Fullerton April 13, 2011 The Painfully Slow Recovery The Painfully
Deficit Reduction and Economic Growth: Are They Mutually Exclusive Goals? Tuesday, May 1, 2012; 2:30 PM - 3:45 PM
Deficit Reduction and Economic Growth: Are They Mutually Exclusive Goals? Tuesday, May 1, 2012; 2:30 PM - 3:45 PM Moderator: Gillian Tett, U.S. Managing Editor, Financial Times Speakers: Jared Bernstein,
How Global Trade Is Driving Demand For Ports
How Global Trade Is Driving Demand For Ports 17 April, 2018 Dr. Walter Kemmsies Chief Strategist JLL Ports Airports and Global Infrastructure JLL Ports Airports and Global Infrastructure Capital Markets
U.S. and Colorado Economic Outlook National Association of Industrial and Office Parks. Business Research Division Leeds School of Business
U.S. and Colorado Economic Outlook National Association of Industrial and Office Parks Presented by the Business Research Division Leeds School of Business University of Colorado at Boulder U.S. Economic
Kevin Thorpe Financial Economist & Principal Cassidy Turley
Kevin Thorpe Financial Economist & Principal Cassidy Turley Economic & Commercial Real Estate Outlook Kevin Thorpe, Chief Economist 2012 Another Year Of Modest Improvement 2006Q1 2006Q3 2007Q1 2007Q3 2008Q1
Greater Portland Office Market Survey {Presented by James D. Harnden
Greater Portland Office Market Survey {Presented by James D. Harnden {Topical Agenda 2013 Office Market Highlights Downtown Sector Vacancy, significant leases/vacancies Suburban Sector Vacancy, significant
Economic Update and Outlook
The Building Industry Association Of Okaloosa-Walton Counties Economic Update and Outlook Rick Harper, PhD February 1, 2018 The Economic Outlook 3rd longest postwar expansion for U.S., marked 103 months
US Economic Outlook IHS ECONOMICS. Paul Edelstein, Director NA Financial Economics, ,
IHS ECONOMICS US Outlook US Economic Outlook How long will the ride last? September 2014 ihs.com Paul Edelstein, Director NA Financial Economics, +1 781 301 9014, paul.edelstein@ihs.com The US economy
Frederick Ross. Real Estate Market Overview. Presented by: Kevin Thomas Senior Vice President. Frederick Ross. Company.
Frederick Ross Real Estate Market Overview Presented by: Kevin Thomas Senior Vice President Frederick Ross Company January 2003 Business Consumers Source: BEA, Ross Research Housing...Bust or Rust? 2001
State of American Trucking
State of American Trucking October 11, 2018 Rod Suarez Economic Analyst American Trucking Associations rsuarez@trucking.org Business Cycles U.S. Expansions Duration October 1949 - July 1953 May 1954 -
Dr. Richard Wobbekind Executive Director, Business Research Division and Senior Associate Dean for Academic Programs University of Colorado Boulder
Dr. Richard Wobbekind Executive Director, Business Research Division and Senior Associate Dean for Academic Programs University of Colorado Boulder Member FDIC VectraBank.com Economic Outlook 2015 Richard
2014 Economic Indicators, Trends & Observations. 51 South Main Street Janesville, WI P F RockCountyAlliance.
2014 Economic Indicators, Trends & Observations 51 South Main Street Janesville, WI 53545 P.608.757.5598 F.608.757.5586 RockCountyAlliance.com Indicators, Trends & Observations National Level State of
Puget Sound Regional Forecast Chris Mefford Community Attributes
2015 Puget Sound Regional Forecast Chris Mefford Community Attributes 3 1,000s The Regional Economy has added jobs consistently for nearly 5 full years. In a few months, this will be the longest streak
Dr. Greg Hallman Director, Real Estate Finance and Investment Center (REFIC) McCombs School of Business University of Texas at Austin
Dr. Greg Hallman Director, Real Estate Finance and Investment Center (REFIC) McCombs School of Business University of Texas at Austin POWERPOINT PARTNER The US Economy today, with a close look at jobs
As Good as it Gets. The Aging Expansion Powers On... but for How Much Longer? Andrew J. Nelson Chief Economist USA, Colliers International
As Good as it Gets The Aging Expansion Powers On... but for How Much Longer? Andrew J. Nelson Chief Economist USA, Colliers International #NMHCstudent @ApartmentWire Ten Years After: A Full if Imperfect
The US Economic Outlook
IHS ECONOMICS US Outlook The US Economic Outlook November 2014 ihs.com Rafael Amiel, Director latin America Economics +1 215 789 7405, rafael.amiel.ihs.com 2014 IHS The US economy is gaining momentum Growth
North American Forging Shipment Forecast (Using FIA bookings information through December 2013)
North American Forging Shipment Forecast 2014-2018 (Using FIA bookings information through December 2013) Percent Change Year Ago Best leading indicator combination for impression die bookings used to
U.S. Overview. Gathering Steam? Tuesday, October 1, 2013
U.S. Overview Gathering Steam? Tuesday, October 1, 2013 Uneven global economic recovery Annual real GDP growth projections (%) Projections 2013 2014 World 3.1 3.1 3.8 United States 2.2 1.7 2.7 Euro Area
Economic & Market Outlook
Economic & Market Outlook August 2017 The investments described herein are: NOT FDIC INSURED NOT BANK GUARANTEED MAY LOSE VALUE NOT A DEPOSIT NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY Average
Mayor Mike T. Huether March 31, 2016
Mayor Mike T. Huether March 31, 2016 Sioux Falls Is Very Strong Financially General Revenues $160 $140 $120 $107.9 $112.1 $110.9 $115.4 $118.9 $125.3 $139.9* $138.0 $143.9 $100 $97.2 Millions $80 $60 $40
How Much Wind Is in the Sails?
How Much Wind Is in the Sails? Erie Chamber of Commerce Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations September 20, 2017 Real GDP Growth
Paul Bingham Managing Director, Global Trade and Transportation February 18, 2009
Economic Outlook and Ports Paul Bingham Managing Director, Global Trade and Transportation February 18, 2009 The Outlook for Trade Depends on Goods Demand Integrated international supply-chains offer efficiencies
Spring Time for Housing
Spring Time for Housing Arizona State University December 2 nd, 2015 Presented By: Elliott D. Pollack CEO, IN PHOENIX 1 2 The World has Changed Pre-2007 Post-2007 3 Employment Growth From Bottom of Recession
The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch June 2016
The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch June 2016 Image from http://peoplesguidetohouston.wordpress.com/category/uncategorized/
Economic & Financial Market Outlook
Economic & Financial Market Outlook BC Pension Forum March 1, 2013 Chris Lawless, Chief Economist Overview Global forces Recent economic performance ~ US, Europe, Japan, China ~ Other emerging markets
Economic and Real Estate Outlook
Economic and Real Estate Outlook By Lawrence Yun, Ph.D. Chief Economist, National Association of REALTORS Presentation at Charlottesville Area Association of REALTORS October 13, 2016 1990 1991 1992 1993
What s Ahead for The Colorado Economy?
What s Ahead for The Colorado Economy? Colorado Counties Inc. Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations November 28, 2017 Real GDP
THIS AIN T THE 80s! And Houston isn t going anywhere.
THIS AIN T THE 80s! And Houston isn t going anywhere. EXPECTEDLY, A DRAMATIC DOWNTURN IN OIL, ONE THAT HAS RUN EVEN FASTER AND DEEPER THAN DURING 2008-2009, RAISED ALARM ABOUT THE STABILITY OF THE HOUSTON
Babson Capital/UNC Charlotte Economic Forecast. May 13, 2014
Babson Capital/UNC Charlotte Economic Forecast May 13, 2014 Outline for Today Myths and Realities of this Recovery Positive Economic Signs Negative Economic Signs Outlook for 2014 The Employment Picture
Global Economic Outlook: From Fiscal Cliff to Rushcliffe in 15 minutes. Tom Rogers. Lead Economist, Oxford Economics.
Global Economic Outlook: From Fiscal Cliff to Rushcliffe in 15 minutes Tom Rogers Lead Economist, Oxford Economics trogers@oxfordeconomics.com 16 th January 2013 Overview External environment showing signs
Reading the Tea Leaves: Investing for 2010 and Beyond
Reading the Tea Leaves: Investing for 2010 and Beyond Wednesday, April 28, 2010; 8:00 AM - 9:15 AM Moderator: Maria Bartiromo, Anchor, CNBC's Closing Bell With Maria Bartiromo Speakers: Nick Calamos, President
US imports from emerging economies have grown rapidly
US imports from emerging economies have grown rapidly Ratio to GDP (current dollars) 0.07 US merchandise imports, 1978 2008 0.06 0.05 0.04 0.03 0.02 Industrial Non-OPEC other 0.01 0 OPEC = Organization
Agricultural Outlook: Rebalancing U.S. Agriculture
Agricultural Outlook: Rebalancing U.S. Agriculture Michael J. Swanson Ph.D. Agricultural Economist January 2018 2018 Wells Fargo Bank, N.A. All rights reserved. For public use. The U.S. Ag Sector renormalizes!
2019 Economic Outlook: Will the Recovery Ever End?
2019 Economic Outlook: Will the Recovery Ever End? Advantage Bank Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations November 15 th, 2018
President and Chief Executive Officer Federal Reserve Bank of New York Washington and Lee University H. Parker Willis Lecture in Political Economics
The U.S. Economic Outlook Chartspresented by WilliamC Dudley Charts presented by William C. Dudley President and Chief Executive Officer Federal Reserve Bank of New York Washington and Lee University H.
Wenlin Liu, Senior Economist. Stateof Wyoming. Economic Analysis Division State of Wyoming 1
WYOMING DEMOGRAPHIC AND ECONOMIC TREND LCCC LIFE Program April 7, 2012 Cheyenne, Wyoming Wenlin Liu, Senior Economist Economic Analysis Division Stateof Wyoming Economic Analysis Division State of Wyoming
By making use of SAFRIM (South African Inter-Industry Macro-Economic Model) By Jeaunes Viljoen, Conningarth Economists, 1
By making use of SAFRIM (South African Inter-Industry Macro-Economic Model) By Jeaunes Viljoen, Conningarth Economists, South Africa 10/13/2011 1 1960: The economy experienced high growth rates mining
Post-Bubble Global Trends. AAPA Webinar. February 18, Dr. Walter Kemmsies, Chief Economist Moffatt & Nichol Commercial Analysis Group
Post-Bubble Global Trends AAPA Webinar February 18, 2009 Dr. Walter Kemmsies, Chief Economist Moffatt & Nichol Commercial Analysis Group Takeaways The world economy is circling the drain World is wealthier
www.colorado.edu/leeds/brd CAREER ADVANCING DEGREES FROM LEEDS EVENING MBA PROGRAM FOR WORKING PROFESSIONALS #1 PART-TIME MBA Program in Colorado according to U.S. News & World Report Engage in a collaborative
11.433J / J Real Estate Economics
MIT OpenCourseWare http://ocw.mit.edu 11.433J / 15.021J Real Estate Economics Fall 2008 For information about citing these materials or our Terms of Use, visit: http://ocw.mit.edu/terms. Week 10: Commercial
Economic Update and Prospects for 2019 Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business
Economic Update and Prospects for 2019 Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business January 3, 2019 The forecasts and commentary do not constitute
Education Committee Economic Background and Issue Review
Education Committee Economic Background and Issue Review Montpelier, Vermont January 22, 2014 Thomas E. Kavet State Economist and Principal Economic Advisor to the Vermont State Legislature Since 1996
2018 Economic Outlook Forum Daraius Irani, Ph.D. Chief Economist, Regional Economic Studies Institute VP, Division of Strategic Partnerships and
2018 Economic Outlook Forum Daraius Irani, Ph.D. Chief Economist, Regional Economic Studies Institute VP, Division of Strategic Partnerships and Applied Research Towson University November 29, 2018 $19,000
SA economic review Kevin Lings. August 2018
SA economic review Kevin Lings August 2018 South Africa real GDP growth year-on-year %y/y 8 7 6 5 Ave 4.3% 4 Ave 2.5% 3 2 Ave 0.9% 1 0-1 -2-3 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 2
STATE OF TEXAS LEASED OFFICE
STATE OF TEXAS LEASED OFFICE 2124 ALPINE ROAD LONGVIEW, TX 75601 Wes Hallmark, CCIM, SIOR Senior Investment Advisor 806.797.2190 x202 hallmarkw@svn.com SVN HALLMARK & ASSOCIATES 8008 SLIDE RD., #1, LUBBOCK,
Economic Outlook for Canada: Economy Confronting Capacity Limits
ECONOMICS I RESEARCH Economic Outlook for Canada: Economy Confronting Capacity Limits Presentation to the Responsible Distribution Canada 32 nd Annual General Meeting May 29, 2018 Paul Ferley (Assistant
The Fed and the Economic Outlook
The Fed and the Economic Outlook Mark L. J. Wright Research Director Federal Reserve Bank of Minneapolis March 28, 2018 Disclaimer The views expressed are my own and not necessarily those of the Federal
National and Virginia Economic Outlook Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business
National and Virginia Economic Outlook Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business October 24, 2018 The forecasts and commentary do not constitute
The U.S. Economic Recovery: Why so weak and what should be done? William J. Crowder Ph.D.
The U.S. Economic Recovery: Why so weak and what should be done? William J. Crowder Ph.D. Weak Recovery? It s no secret that the U.S. economy has still not fully recovered from the financial crisis and
WHERE ARE ARIZONA DEMOGRAPHICS TAKING US? HOW GROWING SLOWER, OLDER AND MORE DIVERSE AFFECTS REAL ESTATE
WHERE ARE ARIZONA DEMOGRAPHICS TAKING US? HOW GROWING SLOWER, OLDER AND MORE DIVERSE AFFECTS REAL ESTATE March 2017 Tom Rex Office of the University Economist and Center for Competitiveness and Prosperity
U.S Cement Outlook IEEE. Ed Sullivan Group VP, Chief Economist
U.S Cement Outlook IEEE Ed Sullivan Group VP, Chief Economist 1 Construction Activity Billion Real $ 1,400 1,200 1,000 2014 = 2.5% 2015 = 5.6% 800 600 400 200 0 12 Year Peak-to- Peak Recovery 1998 2000
The U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services
The U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services Growth Is Cooling; But a Soft Landing Is Likely (Real GDP, annualized rate of growth)
Market Insights. March 29, 2019
March 29, 2019 Economic Overview 2 Global & Regional Growth Forecasts IMF GDP Forecasts (% change YoY) 2010 2011 2012 2013 2014 2015 2016 2017 2018 Advanced Economies 1.2% 1.4% 2.1% 2.3% 1.7% 2.4% 2.3%
Opportunities in a Challenging Global Business Environment: Can the World Avoid a Double-Dip?
Opportunities in a Challenging Global Business Environment: Can the World Avoid a Double-Dip? Ross DeVol Chief Research Officer (310) 570 4615 rdevol@milkeninstitute.org www.milkeninstitute.org Presentation
Airline industry outlook 2019
Airline industry outlook 2019 Brian Pearce Chief Economist 12 December 2018 Million barrels a day US$ per barrel Are the markets signalling recession ahead? 60 55 Business confidence (left scale) FTSE
Market Insights. June 30, 2018
June 30, 2018 Economic Overview 2 Global & Regional Growth Forecasts IMF GDP Forecasts (% change YoY) 2010 2011 2012 2013 2014 2015 2016 2017 2018 Advanced Economies 1.7% 1.2% 1.3% 2.1% 2.3% 1.7% 2.3%
Real Estate: Investing for the Future. Sponsored By:
Real Estate: Investing for the Future Sponsored By: Percent Change, Year Ago 6 5 4 3 2 1 Real GDP Growth United States, 2000 Prices 0 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 U.S. Employment