2012 Raleigh-Durham Market Forecast Investment Sales. Jeff Glenn CBRE Wednesday, March 21, 2012
|
|
- Anis Andrews
- 6 years ago
- Views:
Transcription
1 2012 Raleigh-Durham Market Forecast Investment Sales Jeff Glenn CBRE Wednesday, March 21, 2012
2 What s Wrong with this Picture?
3 TOPICS I. National Perspective II. Raleigh-Durham Spotlight III. A Closer look at Office IV. A Closer look at Multi-Family CBRE Page 3
4 Key Themes Apartments sales have reached peak levels while office sales percolate While levels of distress decline overall, office with laggard lease expirations are bringing up the rear Lots of capital on the sidelines (still) either seeking hard-to-find opportunistic deals or core credit deals that are in short-supply in Raleigh General impression that debt will remain low but only has one way to go More lenders are in the market, but low leverage prevails Raleigh is the top growth market in the Southeast but still regarded as secondary with limited barriers-to-entry Development is back for quality, infill residential, but equity is still very finicky. CBRE Page 4
5 Growth Tops in the Nation Raleigh-Durham Population Growth 3,000,000 2,500,000 2,000,000 1,500,000 1,000, , (forecast) 2030 (forecast) Year Population Growth ,952 - Growth Percentage , , % ,220, , % ,634, , % 2020 (forecast) 2,057, , % 2030 (forecast) 2,469, , % Source: State of NC Demographers Office CBRE Page 5
6 Total Employment Growth (%) Source: CBRE, CoStar Group, M/PF YieldStar, CBRE Econometric Advisors CBRE Page 6
7 HIGH GROWTH MARKETS =======> Employment Growth (5-Year Forecast = 1.75% avg. annual) A Great Combination of Factors For Raleigh Raleigh Salt Lake City Austin San Antonio Charlotte 2.5 San Diego Portland Phoenix Nashville Dallas/Ft. Worth Indianapolis 2 Jacksonville Minneapolis Atlanta Seattle Houston Albuquerque Tampa SF Metro 1.5 Cincinnati Washington, DC Kansas Oklahoma City Columbus City Sacramento St. Louis Pittsburgh Denver 1 Chicago Fresno Boston Los Angeles Philadelphia Toledo Detroit New York Hartford Cleveland Tucson Orlando South Florida Problem Markets? High Distress, Low Growth Relative Distress Index Good Markets = Low Distress, High Growth Honolulu Las Vegas Source: CBRE-EA and RCA, December 2011 CBRE Page 7
8 Distress Across the US The commercial real estate market is improving at a modest pace, but newly troubled properties continue to enter the distress pool. Source: RCA Troubled Assets Radar, November 2011 Bubbles are sized to relative distress values CBRE Page 8
9 Growth of Troubled Assets Levels Off Resolutions increased by $13.69 billion in Q4 Source: RCA, January 2012 CBRE Page 9
10 Volume of Distressed Deals Recedes Lender REO now accounts for 25.7% of total Distressed Assets Source: RCA, Troubled Assets Radar and CBRE-EA December 2011 CBRE Page 10
11 $ Billions Loans in Special Servicing % of CMBS Outstanding Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 $ Unpaid Balance ($) % of CMBS 14% $ % $80.00 $ % $60.00 $50.00 $40.00 $30.00 $20.00 $ % 6% 4% 2% $0.00 0% Source: Morningstar Monthly Delinquency Report, December 2011 CBRE Page 11
12 Commercial Real Estate Transactions Volume by Seller Type $160,000,000,000 $140,000,000,000 $120,000,000,000 $100,000,000,000 $80,000,000,000 $60,000,000,000 $40,000,000,000 $20,000,000,000 $ CMBS Unknown User/Other Equity Fund Institutional Public Private * Through Q Source: Real Capital Analytics CBRE Page 12
13 U.S. Cap Rate Forecast by Property Type Cap Rate, % Forecast Retail Multifamily Industrial Office Hotel: Full Service Source: CBRE Econometric Advisors, Q CBRE Page 13
14 Raleigh-Durham Spotlight
15 Vacancy Moving From Cyclic Highs With vacancy high relative to long-term trends, rents are still under pressure. US 2011Q4 Past Cyclic High Natural Rate Year Back to "Natural Rate" Raleigh Office 16% 16.8/ to % Industrial 13.5% 14.6/ to % Retail 13.2% 13.3/ to % Multifamily 5.3% 7.4/ to % Full Service Hotels 35.8% 43/ to % Source: CBRE Econometric Advisors (CBRE EA), 4Q2011; Karnes Research CBRE Page 15
16 Raleigh Durham Historical Transaction Volume Millions of Dollars ALL PROPERTY TYPES EST Source: CBRE CBRE Page 16
17 Raleigh-Durham Investment Sales 2011 Sales Comparison in Millions $93.08 $ $ $ Apartment Office Retail Industrial/Flex Total Transaction Value: $1,554.3M Total Transactions: 79 Source: CBRE CBRE Page 17
18 Millions of Dollars Raleigh Durham Apartment Transaction Volume EST Source: CBRE CBRE Page 18
19 Apartment Highlights Oberlin Court, Raleigh DATE November 2011 SELLER BUYER Northwestern Mutual Life Prudential Financial SF 374,825 YEAR BUILT 2008 SALE PRICE $72,250,000 PRICE/SF $ The Tribute, Raleigh DATE October 2011 SELLER BUYER UDR, Inc. Cornerstone Real Estate Advisers SF 307,663 YEAR BUILT 2010 SALE PRICE $56,200,000 PRICE/SF $ CBRE Page 19
20 Raleigh Durham Office Transaction Volume Millions of Dollars EST Source: CBRE CBRE Page 20
21 Office Highlights Carolina Place, Raleigh DATE January 2012 SELLER BUYER Invesco New Boston Fund SF 99,818 YEAR BUILT 1985 SALE PRICE $15,575,000 PRICE/SF $ Trinity Place, Raleigh DATE December 2011 SELLER BUYER Teufel Trinity Place, LLC Brookdale Group SF 111,903 YEAR BUILT 2001 SALE PRICE $15,274,000 PRICE/SF $ CBRE Page 21
22 Raleigh Durham Retail Transaction Volume Millions of Dollars EST Source: CBRE CBRE Page 22
23 Retail Highlights White Oak Crossing, Garner DATE August 2011 SELLER BUYER Collett Associates Inland American Real Estate Trust SF 549,000 YEAR BUILT 2002 SALE PRICE $95,000,000 PRICE/SF $ Brennan Station Shops, Raleigh DATE November 2011 SELLER BUYER Hawthorne Retail Partners Kimco Realty SF 126,949 YEAR BUILT 1999 SALE PRICE $29,400,000 PRICE/SF $ CBRE Page 23
24 Millions of Dollars Raleigh Durham Warehouse/Flex Transaction Volume EST. Source: CBRE CBRE Page 24
25 Industrial/Warehouse Highlights Greenfield North Business Park, Garner DATE September 2011 SELLER BUYER Craig Davis Properties Duke Realty SF 397,332 YEAR BUILT 2004 SALE PRICE $31,000,000 PRICE/SF $78.00 CBRE Page 25
26 A Closer Look at Office
27 Sq. Ft. per Worker versus the Price of Space - Office Occupied Multi-Tenant and Single Tenant Space Per Office-Using Employee, (SF/worker) TW Real Rent, $/SF Forecast SF/Worker TW Real Rent Source: CBRE Econometric Advisors, Q CBRE Page 27
28 Office Rental Trends: Still Losing Ground on Renewals TW Rent Index, $/sf Gain on Lease Rollo Growth in Income at Renewal TW Rent Index Average Rent in Place Source: CBRE Econometric Advisors, Q CBRE Page 28
29 Average Annual Revenue Growth - Office 12% Av era ge An Average nu Annual al Revenue Growth en % ue Gr ow th % 10% 8% 6% 4% 2% 0% New York Boston San Jose Los Angeles Seattle Newark San Francisco Washington, DC San Diego Sum of Markets Miami Phoenix Portland Chicago Dallas Minneapolis Austin Philadelphia Baltimore Kansas City Oakland DenverRaleigh Charlotte Houston St. Louis Orange County Detroit Atlanta Pittsburgh Sacramento Transaction Cap Rate, % Source: CBRE Econometric Advisors, Q CBRE Page 29
30 A Closer Look at Multi-Family
31 F Homeownership Rate is Likely to Continue Declining in Homeownership Rate, % Renter Households, Millions Too many investors are focusing on just this trend when evaluating prospects for apartment performance. While decline in homeownership does boost the overall rental demand, employment and household growth are more important for apartments. With fewer workers and households and reduced incomes, potential apartment demand cannot be realized Homeownership Rate, % Renter Households, Millions Sources: Bureau of the Census (Housing Vacancy Survey), CBRE Econometric Advisors, Q CBRE Page 31
32 Vacancy Rate Expected to Remain Near Lows Through Absorption and Completions, Units x 1,000 Vacancy Rate, % Forecast Completions Net Absorption Vacancy Rate (%) Source: CBRE Econometric Advisors, Q CBRE Page 32
33 Average Annual Revenue Growth % Multi-Housing Comparison (Rent*Occupancy) Next 5 Years Austin San Francisco Oakland Los Angeles Atlanta Las Vegas Phoenix Orlando Minneapolis Denver Boston Raleigh Fort Worth Houston Dallas Charlotte Portland Philadelphia Sum of Markets Seattle Riverside Miami San Diego Fort Lauderdale New York City Washington, DC Chicago Tampa Cincinnati Baltimore Detroit Orange County Newark Transaction Cap Rate, % MSAs with Largest Home Pricing Decline Source: CBRE EA Outlooks, 2011 Q3 CBRE Page 33
34 In Summary Be patient. Be positioned. Feel fortunate to be in the Triangle. The jobs are on the way, just not in Technology and healthcare investment will lead the way. CBRE Page 34
2011 RALEIGH-DURHAM MARKET FORECAST Investment Sales. Jeff Glenn CB Richard Ellis Wednesday, March 16, 2011
2011 RALEIGH-DURHAM MARKET FORECAST Investment Sales Jeff Glenn CB Richard Ellis Wednesday, March 16, 2011 TOPICS I. National Perspective II. Raleigh-Durham Sales III. A Closer look at Multi-Family CB
More informationTHE 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
More informationFundamental Certainty
Fundamental Certainty.or No? a presentation at: R. Mark Woodworth PKF Hospitality Research, LLC May 7, 2013 mark.woodworth@pkfc.com Hotel Horizons Forecasting Model Smith Travel Research Historical rooms
More informationU.S. Economic and Apartment Market Overview and Outlook. July 15, 2014
2014 U.S. Economic and Apartment Market Overview and Outlook July 15, 2014 U.S. Economic Overview U.S. GDP Growth Persistent Despite 1Q Polar Vortex Annualized Quarterly Percent Change 10% 5% 0% -5% -10%
More informationRiverside Rising Economic Outlook for the Region April 2015
Analysis. Answers Riverside Rising Economic Outlook for the Region April 2015 Beacon Economics, LLC California fact versus fiction Looking back a few years (2009 / 2010) everyone was saying that CA would
More informationKevin 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
More informationClick to edit Master title style
Click to edit Master title style Dallas July 27, 2017 7/27/2017 1 1 Click to edit Master title style 7/27/2017 2 2 Click to edit Master title style 7/27/2017 3 3 Click to edit Master title style TAP Software
More informationDFW MULTIFAMILY TRENDS & OBSERVATIONS Q2 2017
DFW MULTIFAMILY TRENDS & OBSERVATIONS Q2 2017 DALLAS / FORT WORTH The Top US Demand Driven Apartment Market DFW MULTIFAMILY STARTS A HISTORY LESSON!!! The challenge boom or bust perception vs recent history
More informationThe State of the Commercial Real Estate Industry: Year-End 2010 Office Review & Outlook
The State of the Commercial Real Estate Industry: Year-End 2010 Office Review & Outlook Copyright 2011 CoStar Realty Information, Inc. No reproduction or distribution without permission. The following
More informationNational Housing Trends
National Housing Trends 34% America s Choice of Best Long Term Investment 26% 17% 15% 6% Real Estate Stocks / Mutual Funds Gold Savings Accounts / CDs Bonds Gallup 2018 Housing Affordability 197 Index
More informationU.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
More informationNational Housing Trends
National Housing Trends 34% America s Choice of Best Long Term Investment 26% 17% 15% 6% Real Estate Stocks / Mutual Funds Gold Savings Accounts / CDs Bonds Gallup 2018 Housing Affordability 197 Index
More informationWill 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 informationNational Housing Trends
National Housing Trends 34% America s Choice of Best Long Term Investment 26% 17% 15% 6% Real Estate Stocks / Mutual Funds Gold Savings Accounts / CDs Bonds Gallup 2018 Housing Affordability 197 Index
More informationWORKFORCE LOCAL AREA EMPLOYMENT STATISTICS (LAUS)
AUGUST 2018 WORKFORCE LOCAL AREA EMPLOYMENT STATISTICS (LAUS) 1,200,000 1,100,000 1,000,000 900,000 Labor Force Employment 1,152,626 1,116,938 800,000 700,000 600,000 500,000 2016 to 2017: 35957 (3.1%)
More informationNational Housing Trends
National Housing Trends 34% America s Choice of Best Long Term Investment 26% 17% 15% 6% Real Estate Stocks / Mutual Funds Gold Savings Accounts / CDs Bonds Gallup 2018 Home Sales in thousands 2017 2018P
More informationWORKFORCE LOCAL AREA EMPLOYMENT STATISTICS (LAUS)
AUGUST 2016 WORKFORCE LOCAL AREA EMPLOYMENT STATISTICS (LAUS) 1,150,000 1,100,000 1,050,000 1,000,000 950,000 900,000 850,000 800,000 750,000 700,000 Labor Force Employment June 2015 to June 2016: 36,504
More informationFrederick 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
More informationU.S. REITs have rebounded strongly Dow Jones Equity REIT Total Return Index
U.S. REITs have rebounded strongly Dow Jones Equity REIT Total Return Index Index, 2005 = 100 250 200 150 100 50 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Sources: Bloomberg, Dow Jones. Affordability
More informationInvesting in Real Estate. The smart choice for today s investor
Investing in Real Estate The smart choice for today s investor Real Estate is preferred over stocks Real estate out performs stocks http://blog.863katy.com/category/national-housing-news/page/2/ Real Estate
More informationA Housing Correction or a Housing Recession?
A Housing Correction or a Housing Recession? Professor William Wheaton Department of Economics Center for Real Estate MIT January, 2007 MIT, IAP Topics: 1 Historic Housing Prices: relation to income. Cycles
More informationBriefing on the State of the State. presented to the. SCAA Schuyler Center for Analysis and Advocacy
Briefing on the State of the State presented to the SCAA Schuyler Center for Analysis and Advocacy Rae D. Rosen Assistant Vice President Federal Reserve Bank of New York November 16, 2006 Key Points: Economic
More informationReal 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
More informationDr. 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
More informationSustainable Transportation Planning in the Portland Region
Sustainable Transportation Planning in the Portland Region Jennifer Dill, Ph.D. Associate Professor School of Urban Studies & Planning jdill@pdx.edu http://web.pdx.edu/~jdill/ Outline Elements of a sustainable
More informationDr. James P. Gaines Research Economist recenter.tamu.edu
Texas Uncertain Economy in a World of Uncertain Oil Prices Dr. James P. Gaines Research Economist recenter.tamu.edu National Economic Recovery still Going 2 U.S. Outlook Expected GDP growth still modest:
More informationPresented by: Keith Nichols, PE Principal Transportation Engineer, TTAC Agenda Item #14 October 7, 2015
TTI URBAN MOBILITY SCORECARD 2015 Report Presented by: Keith Nichols, PE Principal Transportation Engineer, TTAC Agenda Item #14 October 7, 2015 INTRODUCTION The TTI Urban Mobility Scorecard report evaluates
More informationCU 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
More informationPart A: Changes in Distance between Major League Baseball Franchises and their Triple-A Affiliates
Five Themes of Geography: Movement Major and Minor League Baseball Team Affiliations, 1998 & 2011 Ezra Zeitler University of Wisconsin-Eau Claire Department of Geography & Anthropology Purpose: This exercise
More informationORLANDO 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
More informationThe City and the Dynamics of Inequality. John Mollenkopf, City University of New York Robert Sampson, Harvard University Wesley G.
The City and the Dynamics of Inequality John Mollenkopf, City University of New York Robert Sampson, Harvard University Wesley G. Skogan, IPR Introductory Comments 1 brief description of crime research
More informationTHIS 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
More informationIPSOS GLOBAL CONFIDENCE INDEX December Source: IPSOS, Sage Policy Group; February 2018.
Economic Overview GET OFF OF MY CLOUD IPSOS GLOBAL CONFIDENCE INDEX December 2017 Source: IPSOS, Sage Policy Group; February 2018. OECD BUSINESS CONFIDENCE INDEX Select Regions / Countries 104 103 OECD
More information(56.3%) AL (60%) (62%) (69%) (+4149) 7* 9-5 (64%) +450 (400% ROI
Season: 107-83 (56.3%) for +3924 AL System: 27-18 (60%) June: 18-11 (62%) and +1005 May: 22-10 (69%) (+4149) 7* and Higher: 9-5 (64%) Playoffs: +450 (400% ROI for Playoff purchasers) By Game Season To
More informationEconomic Update Edward Seiler NH&RA
Economic Update Edward Seiler NH&RA 2 Annual Real GDP Growth (%) 5.0 4.0 Actual (BEA) Forecast (CBO in red, OMB red + orange) 3.0 2.0 1.0 0.0-1.0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
More informationHouston and Tomball Economic and. Housing Outlook. recenter.tamu.edu. Dr. James P. Gaines Research Economist
Houston and Tomball Economic and Dr. James P. Gaines Research Economist Housing Outlook recenter.tamu.edu THE CURRENT SITUATION The Future Just Ain t What It Used to Be! Yogi Berra National Economic Recovery
More informationHotel Industry Update. Stephen Hennis, CHA, ISHC
Hotel Industry Update Stephen Hennis, CHA, ISHC 1 Through Aug 2012: Strong Results Despite Headwinds % Change Room Supply* 1.2 bn 0.4% Room Demand* 741 mm 3.3% Occupancy 63% 2.9% A.D.R. $106 4.3% RevPAR
More informationDoc's NHL Hockey Record
2006-2007 Doc's NHL Hockey Record Date Team Score W/L Units Total Units + / - Total $$ 18-Feb Dallas -110 over San Jose 5-2 Win 19-Feb Boston -110 over Philadelphia 6-3 Win 20-Feb St. Louis -165 over Columbus
More informationVancouver Real Estate Forum
Vancouver Real Estate Forum MODERATOR John O Bryan Chairman CBRE Limited PANELIST Chris Dobrzanski, CEO, Citizens Bank David Franklin, President, CMLS Financial Ltd. Morley Greene, President, Trez Capital
More information2009 California & Bay Area Real Estate Market Outlook
2009 California & Bay Area Real Estate Market Outlook November 24, 2008 Fairmont Hotel Leslie Appleton-Young C.A.R. Vice President and Chief Economist California Real Estate Market: 2008 California s Housing
More informationMetro Atlanta. Cleve s 10-Year Market Projections SF Detached. GoGaddis.com 89,002 83,829 78,958 74,369 70,047 65,976 62,142 58,531 55,129 51,926
350000 300000 250000 200000 $231,000 $221,760 $228,413 $235,265 $242,323 Metro Atlanta Cleve s 10-Year Market Projections SF Detached $252,016 $262,097 $275,909 $290,450 $305,756 $321,870 Total Single
More informationSouthern 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
More informationSpring 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
More informationPartnerships with Purpose: Housing for Texans
Partnerships with Purpose: Housing for Texans 25th Annual TALHFA Educational Conference October 25-27, 2017 Fort Worth, Texas Dr. James P. Gaines Chief Economist 2 Outlook Since November 10, 2017: Rising
More informationPresident 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.
More informationLodging Market Update. Valley Hotel and Resort Association April 13, 2016 Presented by: Robert Hayward
Lodging Market Update Valley Hotel and Resort Association April 13, 2016 Presented by: Robert Hayward United States Lodging Market 63.7% 59.8% 58.9% 59.2% 61.3% 63.1% 63.3% 63.1% 60.3% 55.1% 57.5% 59.9%
More informationBeyond Bullet Points: Statistics, Trends and Analysis
Beyond Bullet Points: Statistics, Trends and Analysis Vail R. Brown VP, Global Business Development & Marketing Vail@str.com @vail_str 5 THINGS TO KNOW www.hotelnewsnow.com Click on Data Presentations
More informationGlobal Hotel Industry Outlook
Global Hotel Industry Outlook NYU 2011 Mark V. Lomanno CEO STR www.hotelnewsnow.com Click on Industry Presentations Agenda Global Hotel Performance US Hotel Performance Chain Scales Group/Transient Distribution
More information10 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
More informationMBA Economic and Mortgage Finance Outlook
MBA Economic and Mortgage Finance Outlook MBA of Alabama Annual Conference June 7, 2017 Presented by Lynn Fisher Mortgage Bankers Association 1 Summary of the MBA Outlook 2016 2017 2018 2019 GDP Growth
More informationUS LODGING INDUSTRY OVERVIEW
US LODGING INDUSTRY OVERVIEW Mark V. Lomanno President SMITH TRAVEL RESEARCH Presentation Outline US Lodging Industry Macro Trends Daily Data Chain Scales Resort Performance Construction Pipeline Forecast
More informationPublic Transport and Development: Making It Work
Public Transport and Development: Making It Work Robert T. Dunphy Urban Land Institute World Bank Transport Forum 2006 March 28, 2006 Transportation Development Disconnect Now Few Then places w/o car Many
More informationCleve Gaddis Gaddis Partners, RE/MAX Center & USA Management
Cleve Gaddis Gaddis Partners, RE/MAX Center & USA Management (a boutique residential property management company) 10475 Medlock Bridge Road, Suite 119 Johns Creek, GA 30097 www. 770-497-0000 All information
More informationReal Estate and Economic Outlook
Real Estate and Economic Outlook Lawrence Yun, Ph.D. Chief Economist NATIONAL ASSOCIATION OF REALTORS Presentation at Inforum Outlook Conference University of Maryland College Park, MD December 12, 2013
More information2017 Nebraska Profile
2017 Nebraska Profile State, 9 NEW Regions, 93 Counties, plus 31 Cities Three Volumes Demographic Change in the State Economic Influences at Work Housing Statistics and Trends Summary of Findings Discuss
More informationLodging Industry Trends June 14, 2018
Lodging Industry Trends June 14, 2018 Chris Klauda, CHIA Senior Research Director, STR cklauda@str.com 2018 STR. All Rights Reserved. No Need To Take Notes Download This Presentation www.hotelnewsnow.com
More informationWhat 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
More informationTexas Economic Outlook: Recovery in 2010 Keith Phillips Federal Reserve Bank of Dallas San Antonio Office
Texas Economic Outlook: Recovery in 2010 Keith Phillips Federal Reserve Bank of Dallas San Antonio Office The views expressed in this presentation are strictly those of the author and do not necessarily
More information2015 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
More informationBabson 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
More informationEconomic 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
More informationMARKET AND CAPACITY UPDATE. Matthew Marsh September 2016
MARKET AND CAPACITY UPDATE Matthew Marsh September 2016 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
More informationCommonwealth Centre. at Westfields Corporate Center
Commonwealth Centre at Westfields Corporate Center Sull y Rd Stonecroft B l v d Commonwealth Centre at Westfields Corporate Center Proposed Wegmans Retail 21 Acres Commonwealth Centre at Westfields Corporate
More informationEconomic Recovery Has Stalled, Recession in the Cards by Year End
Economic Indicators to Watch for Signs of Recovery Economic Recovery Has Stalled, Recession in the Cards by Year End New York, NY Monday, June 27, 2011 Richard Yamarone Author of The Trader s Guide to
More informationrecenter.tamu.edu Dr. James P. Gaines Research Economist Real Estate Center at Texas A&M University
recenter.tamu.edu Dr. James P. Gaines Research Economist Real Estate Center at Texas A&M University Area Market Reports RECENTER.TAMU.EDU Tierra Grande Economic Review Videos, Audios & Presentations Data,
More informationCOMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*
COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun Jul
More informationNational 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
More information5 THINGS TO KNOW IN Vail R. Brown, STR
5 THINGS TO KNOW IN 2014 Vail R. Brown, STR VAIL R. BROWN Vice President of Global Business Development and Marketing for STR. Mrs. Brown is responsible for the overall coordination, functional management
More informationAPPENDIX B Methodology for 2004 Annual Report
APPENDIX B Methodology for 2004 Annual Report This appendix summarizes the methodology utilized to calculate many of the statistics shown in the Urban Mobility Report. The methodology is divided into eight
More informationTHE GLOBAL ECONOMY, GLOBAL CHALLENGES & U.S. REAL ESTATE TIMOTHY H. SAVAGE, PH.D. SENIOR MANAGING ECONOMIST PRINCIPAL DATA SCIENTIST
THE GLOBAL ECONOMY, GLOBAL CHALLENGES & U.S. REAL ESTATE TIMOTHY H. SAVAGE, PH.D. SENIOR MANAGING ECONOMIST PRINCIPAL DATA SCIENTIST GROWTH SLIGHTLY BETTER IN THE NEXT 2 YEARS Source: Macrobond, Oxford
More informationEconomy 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
More informationPHILADELPHIA HOUSE PRICE INDICES
PHILADELPHIA HOUSE PRICE INDICES February 13, 2017 KEVIN C. GILLEN, Ph.D. Kevin.C.Gillen@Drexel.edu Disclaimers and Acknowledgments: The Lindy Institute for Urban Innovation at Drexel University provides
More informationPreview. Second midterm Tables in your paper Mass Transit as alternative to auto California s problems in urban transportation
Preview Second midterm Tables in your paper Mass Transit as alternative to auto California s problems in urban transportation Score Distribution 1 st Midterm 2 nd Midterm 3.5-4.0 8% 21% 3.0-3.5 23% 34%
More information11.433J / 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
More informationINTERSECTIONS. Metro Denver 2016 Economic Forecast January 2016
INTERSECTIONS Metro Denver 2016 Economic Forecast January 2016 Employment Intersections Employment growth and Great Recession recovery Industry clusters Average annual salary Photo Credit: istockphoto
More informationMAINTAINING 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
More informationTransitions: 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
More informationHotel InduSTRy Overview What Lies Ahead
Hotel InduSTRy Overview What Lies Ahead Vail R. Brown Vice President, Global Business Development & Marketing www.hotelnewsnow.com Click on Hotel Data Presentations U.S. In Review Demand Growth Strong.
More information2016 Texas Prosperity Conference The Barnhill Center Brenham, Texas August 26, Dr. James P. Gaines Chief Economist. recenter.tamu.
2016 Texas Prosperity Conference The Barnhill Center Brenham, Texas August 26, 2016 Dr. James P. Gaines Chief Economist recenter.tamu.edu Housing and People 2 Texas Population 1910-2050 60,000,000 50,000,000
More informationPortland Bike Share PORTLANDOREGON. GOV/TRANSPORTATION 2
Portland Bike Share PORTLANDOREGON. GOV/TRANSPORTATION 2 Our Partners PORTLANDOREGON. GOV/TRANSPORTATION 3 600 Bikes 30 Stations Service area will cover entire central city PORTLANDOREGON. GOV/TRANSPORTATION
More informationIowa Farmland Market Update: What s Ahead?
Iowa Farmland Market Update: What s Ahead? Wendong Zhang Assistant Professor of Economics and Extension Economist wdzhang@iastate.edu 515-294-2536 April 4 th, 2017 The new Mike Duffy since Aug 2015 30
More informationConstruction Spending, Labor & Materials Outlook. AGC Fiscal Issues Forum June 8, 2015 Ken Simonson Chief Economist, AGC of America
Construction Spending, Labor & Materials Outlook AGC Fiscal Issues Forum June 8, 2015 Ken Simonson Chief Economist, AGC of America simonsonk@agc.org Construction spending & employment, 2006 15 Total spending,
More informationAPA Local Chapter Pictorial
APA Local Chapter Pictorial Alamo Chapter of the APA Albuquerque Chapter APA of Acadiana Atlanta Chapter Broward County Association of Payroll Professionals Buffalo-Niagara Chapter Cascade Payroll Association
More informationCarol Tomé CFO and Executive Vice President, Corporate Services
Carol Tomé CFO and Executive Vice President, Corporate Services Financial Overview December 6, 2017 1 Discussion Overview Fiscal 2017 Financial Guidance Our View of the Economy and State of the U.S. Housing
More informationBig 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
More informationManaged Lanes: The Fitch Approach. Saavan Gatfield, Senior Director
Managed Lanes: The Fitch Approach Saavan Gatfield, Senior Director HOT Lanes Getting Hotter Priced Managed Lanes Across the United States As of 4/27/14 Sources: HNTB Corporation; GAO analysis of USDOT,
More informationInternational Trade Economic Forecasts An Overview of Orange County and Southern California Exports
International Trade Economic Forecasts An Overview of Orange County and Southern California Exports Mira Farka Adrian R. Fleissig Institute for Economic and Environmental Studies Orange County / Inland
More informationPreview. Tables in your paper Mass Transit as alternative to auto California s problems in urban transportation
Preview Tables in your paper Mass Transit as alternative to auto California s problems in urban transportation Integrating tables in your writing Commuting in Urban Areas Last time auto and congestion
More informationFigure 1: Gini coefficient
0.50 Figure 1: Gini coefficient Gini coefficient 0.45 0.40 0.35 0.30 All Workers Men Women 1940 1950 1960 1970 1980 1990 2000 Source: Kopczuk, Saez, Song QJE'10: Wage earnings inequality Year Top 10% Pre-
More informationDisney Corporate Relocation Temporary Housing Baseline Rates with Weekly Housekeeping
Arizona Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom Chandler n/a $112 $126 $143 n/a Arkansas Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom Bentonville n/a $85 $91 n/a n/a Rogers n/a $85 $91 n/a n/a
More informationAutoZone. FOR SALE NN LEASED INVESTMENT CORPORATE GUARANTEE 9.9 YEARS REMAINING ON 15 YEAR TERM 5 - Five Year Options
FOR SALE NN LEASED INVESTMENT CORPORATE GUARANTEE 9.9 YEARS REMAINING ON 15 YEAR TERM 5 - Five Year Options AUTOZONE HISTORY 1520 Country Club Drive Madera, CA 93638 AutoZone's history started with the
More informationFOR SALE BILLBOARD EASEMENT OFF US Laurelwood Rd, Santa Clara, CA 95054
All Sperry Van Ness Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
More informationUnit: [ALL] Category: [ALL] Average: 68% Type: S---- Median: 71% Jan. 22, 2018
SUMMARY Mark (%) Adj. Class Avg. (%) ± Class Avg. (%) 1. Atlanta Hawks 92 69 23 2. Boston Celtics 88 68 20 3. Brooklyn Nets 87 69 18 4. Charlotte Hornets 79 69 10 5. Chicago Bulls 88 69 19 6. Cleveland
More informationOakwood Temporary Housing FY14 (October 1, September 30, 2014) Not To Exceed Rates
Arizona Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom Chandler n/a $119 $134 $152 n/a Arkansas Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom Bentonville n/a $87 $93 n/a n/a Rogers n/a $87 $93 n/a n/a
More informationFuture of Housing Trends and the Housing Market Demographic Waves in the Region and Future of Housing. Illinois Finance Forum January 25, 2019
Future of Housing Trends and the Housing Market Demographic Waves in the Region and Future of Housing Illinois Finance Forum January 25, 2019 Millions OUR STATE S POPULATION 2000-2017 13.0 12.4 M 12.9
More information2019 Market Outlook. Jeff Tumbarello Director SWFL REIA Broker/Owner Steelbridge Realty LLC
2019 Market Outlook Jeff Tumbarello Director SWFL REIA Broker/Owner Steelbridge Realty LLC Data from MLS (exported 1/14/2019 9:26 AM) and public records. Trended with Microsoft excel. Unless otherwise
More informationEconomic 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
More informationAuto Parts Retail Industry Report February 2018
Auto Parts Retail Industry The Auto Parts retail industry is a $58B industry, which has historically experienced single digit growth year over year. Online auto part sales accounted for $8.89 billion of
More informationOld Dominion University 2017 Regional Economic Forecast. Strome College of Business
Old Dominion University 2017 Regional Economic Forecast January 25, 2017 Professor Vinod Agarwal Director, Economic Forecasting Project Strome College of Business www.odu.edu/forecasting The views expressed
More informationJon Copaken. Principal. Town Pavilion 1100 Walnut, Suite 2000 Kansas City, Missouri
Jon Copaken Principal About Copaken Brooks Entrepreneurial Developer and Full Service Real Estate Firm About Copaken Brooks Solid Entrepreneurial Foundation Founded in Kansas City in 1922 11 million square
More information