US CRE Regional Deep Dive - ACC and Big East Conference Regions
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Transcript of US CRE Regional Deep Dive - ACC and Big East Conference Regions
![Page 1: US CRE Regional Deep Dive - ACC and Big East Conference Regions](https://reader033.fdocuments.in/reader033/viewer/2022052906/558b1cc9d8b42a57548b45f9/html5/thumbnails/1.jpg)
NCAA Football Conference Webinar
October 2014
Auction.com Research
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Atlantic Coast Conference
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ACC Region Economy and Demographics*
3
ACC Region Recovery Chugging Along ACC Region Employment Approaching Pre-
Recession Level ACC Region Job Count Growing on Par with
US
Regional Population Growth Outpacing Nation
Sources: Census Bureau, BLS, Maximus Advisors *ACC region defined as: DC,FL,GA,MD,NC,PA,SC,VA
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ACC: Underrated
4
Raleigh-Durham Warehouse Job Count Reaching Devilishly High Levels
Valuations Will Remain High, Driven by Booming Biotech in Research Triangle
Sources: BLS, Reis, Maximus Advisors forecasts
Raleigh Warehouse Vacancies Will Reach New Lows
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ACC: Overrated
5
Washington, DC Metro Area
DC Region Employment Growth Leveling Off Recently
Regional Population Growth Has Slowed
Sources: Census Bureau, BLS, Maximus Advisors
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ACC: Overrated
6
Washington, DC Metro Area DC Office and Multifamily Valuations Will
Remain Range-Bound Through 2018
Suburban Maryland Valuations Moving Slower Than a Terrapin; Multifamily to
Decrease
Sources: Reis, Maximus Advisors forecasts
Northern Virginia CRE Valuations Leveling Off
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ACC: Bold Prediction
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Miami Hospitality
Hotel Occupancies To Decline Amid Supply Additions Sweeping In Like a Hurricane
RevPAR Growth Will Slow Due to Increased Supply
Sources: STR, Maximus Advisors forecasts
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ACC: Cellar Dweller
8
Pittsburgh Pittsburgh Employment Has Been Range-
Bound for Years… …While Population Growth is Non-Existent
Sources: BLS, Census Bureau, Reis, Maximus Advisors forecasts
Valuations Look to Remain Flat Through 2018
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Big East Conference
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Big East Region Economy and Demographics*
10
Big East Region Underperforming US
Big East Job Count Has Surpassed Prior Peak…
…But Job Growth Lagging US Pace
Regional Population Growing Only Half US Pace
Sources: Census Bureau, BLS, Maximus Advisors *Big East region defined as: CT,MA,NY,NJ,RI
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Big East: Underrated
11
New York City Office New York City Office Employment Storming
Ahead
Sources: BLS, Reis, Maximus Advisors forecasts
Vacancies Will Approach 8% by 2018
Vacancies Have Descended Despite Massive New Supply
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Big East: Overrated
12
Boston Apartment Boston May Be Overbuilding… Boston Apartment Vacancies Flying Like an
Eagle Due to Massive New Supply Additions
Sources: BLS, Reis, Maximus Advisors forecasts
Apartment Vacancies Already on the Rise, Will Plateau Near 6% as Supply Overtakes Demand
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Big East: Bold Prediction
13
New York City Hospitality RevPAR Growth Stunted by Massive Supply
Pipeline NYC Hotel Occupancies to Fall Off in
Coming Years
Sources: STR, Maximus Advisors
NYC Hotel Valuations Will Remain Quiet Through 2017
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Big East: Cellar Dweller
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New Jersey
Argh Matey! New Jersey Population Growth Slowing
New Jersey Payrolls Still Well Below Pre-Recession Peak
Sources: BLS, Census Bureau, Maximus Advisors
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Big East: Cellar Dweller
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New Jersey
Central NJ Valuations Losing the Hunt for Buried Treasure
Northern NJ Valuations Heading Nowhere; Multifamily Walking the Plank
Sources: Reis, Maximus Advisors forecasts
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Thank you for joining us for our NCAA Webinar series!
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Peter Muoio, Ph.D. 646-‐352-‐9510 pmuoio@auc<on.com
For our latest insights follow us at: www.auc4on.com/blog Twi9er: @maximusiQ Facebook: MaximusiQ Linkedin: Maximus Advisors www.auc4on.com
For general inquiries please email: [email protected]