At Lincoln Property Company Southeast, we pay attention to many statistics besides vacancy rates and changes in asking rents. Succeeding in our business demands that we stay on top of the economic data that illustrates the short- and long-term health of the markets in which we work.
Below are numbers from Moody’s Analytics and the U.S. Bureau of Labor Statistics highlighting the generally improving economic conditions in two of the Southeast’s most important markets: Atlanta and Orlando. As you’ll see, both metropolitan areas are experiencing improving unemployment rates and growing gross metropolitan products (GMPs). The numbers do present one note of caution about Orlando: as evaluated by Moody’s, the metro area has a relatively non-diverse economy.
Regardless of what business you’re in, we hope you find these numbers a compelling look at the region in which we at Lincoln Property Southeast work and live.