Believe it or not, we are now past the halfway mark of 2014. At Lincoln Property Company Southeast, we have seen local economies throughout the South improve during the first six months of the year, and there’s ample evidence that the remainder of 2014 will bring more movement in the right direction. According to a… Read more »
One sign of a strengthening economy is new commercial development, and if a recent Federal Reserve Bank of Atlanta survey is any indication, construction cranes could soon be dotting Southern landscapes. In the Atlanta Fed’s first-quarter inquiry of those involved in non-residential construction in the Southeast, 41 percent of the respondents said construction activity was… Read more »
The South’s manufacturing sector continued its surge in April, as indicated by a key economic measurement reaching a two-year high. The monthly Southeast Purchasing Managers Index (PMI), which evaluates the strength of the manufacturing industry in the area covering Alabama, Florida, Georgia, Louisiana, Mississippi and Tennessee, came in at 63.2 last month. (A score above… Read more »
Improving real estate fundamentals, increased manufacturing activity and a better employment situation: those are some of the positive characteristics of the South’s economy in recent months. In March, Georgia’s unemployment rate declined for the ninth month in a row, dropping to 7.0 percent, its lowest point since September 2008. Florida’s rate inched up ever so… Read more »
Greetings! In an Atlanta Fed survey of employers of all sizes, just more than 46 percent of the respondents said they expected to increase the size of their payrolls in 2014. That’s a slight increase from similar surveys conducted in early 2013 and 2012. Just less than 10 percent said they intended to decrease payrolls… Read more »
With the holidays in the rear-view mirror and 2014 in full swing, we at Lincoln Property Company Southeast are extremely excited about the year ahead. We expect our third-party services to be in high demand as commercial real estate markets across the South continue to improve and the economy grows stronger. The office markets of… Read more »
Greetings and happy holidays! As 2013 draws to a close, an array of new data shows that the steady economic recovery the South has enjoyed throughout the year remains on firm footing and is set to continue in 2014. According to the numbers, the region’s home market and manufacturing sector showed additional improvement this fall,… Read more »
It hasn’t always been easy to feel optimistic about the economy in 2013. News reports detailing the various federal fiscal crises and sluggish national employment numbers, for starters, have certainly grabbed a lot of attention. Don’t let yourself give in to the gloom and doom, however. Economic data from the South has consistently demonstrated the… Read more »
Happy Halloween! Shrinking office vacancy rates and a continued strong performance by the residential housing market. Those were two of the economic trends that unfolded in the South during the late summer and early fall. In Atlanta, Orlando and South Florida – three of the region’s most important markets – office vacancy rates continued their… Read more »
As 2013 heads into the fall season, the South continues to see improved commercial real estate sectors, increasing manufacturing activity and a recovering job market. Industrial vacancy rates in three of the region’s major metros – Atlanta, Orlando and South Florida – remain in steady declines. At 7.1 percent, South Florida has the lowest vacancy… Read more »