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 »
Steady progress. That’s been the theme of the South’s economy in 2013, and the dynamic has certainly been evident in many ways throughout this summer. Whether the measurement is commercial vacancy rates, home construction or manufacturing activity, the numbers provide powerful evidence that the region is experiencing a long-term recovery and will provide the conditions… Read more »
An improving home market, a long-term drop in unemployment rates and a growing manufacturing sector: this summer has brought more confirmation that the South’s economy and business conditions are improving. To begin with, the Southeast Purchasing Managers Index (PMI), which measures the strength of the manufacturing industry in the area covering Alabama, Florida, Georgia, Louisiana,… Read more »
Lincoln Property Company (Lincoln) has purchased Medley International Business Park West, an 11-building, 847,000-square-foot industrial park in Miami, from TA Associates. Lincoln acquired the property on behalf of a large pension-fund client. Lincoln will manage the property and has selected Americas Industrial Realty Corp. to handle the leasing. The Medley West transaction is one of… Read more »
As 2013 nears the halfway point, the residential housing market – one of the most powerful indicators of economic health – continues to heat up, both on a nationwide basis and in the South. Combine this trend with a generally improving unemployment picture, and you have strong evidence that the Southern economy remains on an… Read more »