All of us in commercial real estate keep a super close eye on economic and demographic trends. At Lincoln Property Company Southeast, we pay particular attention to numbers that illuminate conditions in the South. Below, we’ll share with you recently released data indicating the region’s commercial real estate markets could be poised for a meaningful recovery.
From Moody’s Analytics, we present projections on future unemployment rates and personal income growth. From the federal government, we present statistics showing the robust population growth that several states in the region are experiencing. The data suggests unemployment rates will decline in keeping with the national trend while personal income growth may exceed national averages. Of particular note is the fact that Florida, Georgia and North Carolina rank in the top 10 in terms of annual state population growth, a trend that bodes well for their continuing economic development and recovery.