Non-farm employment across the Baltimore metro area totaled nearly 1.4 million, which is up 2.5 percent compared to the previous year and 4.4 percent higher than the previous cyclical peak reached in late 2007.
Office employment sectors contracted over the last year, recording an annualized net loss of 600 jobs. Professional and business services was the only office-using supersector to post employment gains, adding 2,200 jobs, year-over-year
Local unemployment decreased this month, contracting by 10 basis points to 5.3 percent. Still, the reduction in metro unemployment may be more attributed to workforce dynamics than the economy.
JLL Cincinnati Office Employment Update May 2015Andrew Batson
The office employment sector continued its streak of strong jobs growth, posting an annual net gain of 5,500 jobs according to the latest data from the BLS.
Non-farm employment across the Baltimore metro area totaled nearly 1.4 million, which is up 2.5 percent compared to the previous year and 4.4 percent higher than the previous cyclical peak reached in late 2007.
Office employment sectors contracted over the last year, recording an annualized net loss of 600 jobs. Professional and business services was the only office-using supersector to post employment gains, adding 2,200 jobs, year-over-year
Local unemployment decreased this month, contracting by 10 basis points to 5.3 percent. Still, the reduction in metro unemployment may be more attributed to workforce dynamics than the economy.
JLL Cincinnati Office Employment Update May 2015Andrew Batson
The office employment sector continued its streak of strong jobs growth, posting an annual net gain of 5,500 jobs according to the latest data from the BLS.
The Cincinnati metro continued its steady expansion by recently adding 14,400 payrolls, year-over-year, bringing total non-farm employment to 1.04 million. Meanwhile, unemployment fell 1.2 percent to 4.8 percent from the previous year.
Industrial employment sectors have experienced substantial employment expansion over the last year, recording an annualized net gain of 31,400 jobs across the metro.
JLL September 2015 Baltimore Employment UpdatePatrick Latimer
Baltimore’s steady economic recovery continued in September as payrolls grew by 2.1 percent compared to the previous year and the unemployment rate edged downwards to 5.3 percent.
St Louis office employment update | April 2015Blaise Tomazic
A surge in the labor force caused the St. Louis unemployment rate to spike 60 basis points from the previous months to 6.0 percent. This is still an improvement of 150 basis points from the previous year. The labor force increased by 3.4 percent year-over-year; its largest change since 1995 and an encouraging sign that more workers are available in the local labor force.
Jobs growth among industrial employment sectors in Cleveland has been trending up in recent months, recording an annualized net gain of 5,700 jobs across the metro. Employment gains were led by the mining, logging and construction sector, which added 5,900 jobs year-over-year.
Office-using employment sectors contracted over the last year, recording an annualized net loss of 4,400 jobs across the metro. The largest job losses occurred in the financial activities sector, where total employment declined by 2,700 jobs year-over-year.
The Cincinnati metro enjoyed strong jobs growth by recently adding 19,300 payrolls, year-over-year, bringing total non-farm employment to 1.03 million. Meanwhile, unemployment rose 1.2 percent from the previous month to 5.5 percent, equal that of the national level.
JLL Cincinnati Office Employment Update February 2015Andrew Batson
The office employment sector continued its streak of strong jobs growth, posting an annual net gain of 8,800 jobs according to the latest data from the BLS – its highest gain since November 2013
Cincinnati JLL Office Employment Update February 2015cybrooks
The Cincinnati metro enjoyed strong jobs growth by recently adding 21,700 payrolls, year-over-year, bringing total non-farm employment to 1.05 million. Meanwhile, unemployment fell 20 basis points from the previous month to 4.1 percent.
The Columbus metro saw modest job growth according to the latest figures from the BLS, adding 8,300 payrolls, annually. Total non-farm employment now sits at roughly 1 million jobs. Meanwhile, unemployment remains virtually unchanged from the previous month at 3.7 percent, one of the lowest in the U.S.
Novo conteúdo da disciplina de Endomarketing do curso de Recursos Humanos da Estácio de Campo Grande. Os conteúdos tiveram como referência o Blog Emprego Ligado.
The Cincinnati metro continued its steady expansion by recently adding 14,400 payrolls, year-over-year, bringing total non-farm employment to 1.04 million. Meanwhile, unemployment fell 1.2 percent to 4.8 percent from the previous year.
Industrial employment sectors have experienced substantial employment expansion over the last year, recording an annualized net gain of 31,400 jobs across the metro.
JLL September 2015 Baltimore Employment UpdatePatrick Latimer
Baltimore’s steady economic recovery continued in September as payrolls grew by 2.1 percent compared to the previous year and the unemployment rate edged downwards to 5.3 percent.
St Louis office employment update | April 2015Blaise Tomazic
A surge in the labor force caused the St. Louis unemployment rate to spike 60 basis points from the previous months to 6.0 percent. This is still an improvement of 150 basis points from the previous year. The labor force increased by 3.4 percent year-over-year; its largest change since 1995 and an encouraging sign that more workers are available in the local labor force.
Jobs growth among industrial employment sectors in Cleveland has been trending up in recent months, recording an annualized net gain of 5,700 jobs across the metro. Employment gains were led by the mining, logging and construction sector, which added 5,900 jobs year-over-year.
Office-using employment sectors contracted over the last year, recording an annualized net loss of 4,400 jobs across the metro. The largest job losses occurred in the financial activities sector, where total employment declined by 2,700 jobs year-over-year.
The Cincinnati metro enjoyed strong jobs growth by recently adding 19,300 payrolls, year-over-year, bringing total non-farm employment to 1.03 million. Meanwhile, unemployment rose 1.2 percent from the previous month to 5.5 percent, equal that of the national level.
JLL Cincinnati Office Employment Update February 2015Andrew Batson
The office employment sector continued its streak of strong jobs growth, posting an annual net gain of 8,800 jobs according to the latest data from the BLS – its highest gain since November 2013
Cincinnati JLL Office Employment Update February 2015cybrooks
The Cincinnati metro enjoyed strong jobs growth by recently adding 21,700 payrolls, year-over-year, bringing total non-farm employment to 1.05 million. Meanwhile, unemployment fell 20 basis points from the previous month to 4.1 percent.
The Columbus metro saw modest job growth according to the latest figures from the BLS, adding 8,300 payrolls, annually. Total non-farm employment now sits at roughly 1 million jobs. Meanwhile, unemployment remains virtually unchanged from the previous month at 3.7 percent, one of the lowest in the U.S.
Novo conteúdo da disciplina de Endomarketing do curso de Recursos Humanos da Estácio de Campo Grande. Os conteúdos tiveram como referência o Blog Emprego Ligado.
Adriana Cisneros: Una Líder con Sello Propio/El Team Cisneros. Forbes Repúbli...Gustavo Cisneros
Liderado por Adriana Cisneros, el equipo directivo del principal consorcio televisivo venezolano se ha propuesto una misión: ser pionero en Latinoamérica en la venta de contenido y publicidad digital. Las startups de la región serán clave para lograrlo.
Marzo, 2015
JLL Columbus Office Employment Update May 2015Andrew Batson
Office employment sectors contracted over the last year, recording an annualized net loss of 600 jobs. Professional and business services was the only office-using supersector to post employment gains, adding 2,200 jobs year-over-year
Office-using employment in the Twin Cities increased by nearly 7,000 jobs month-over-month and by more than 12,000 jobs year-over-year in the most recent data from BLS.
The office employment sector continued its streak of strong jobs growth, posting an annual net gain of 5,500 jobs according to the latest data from the BLS.
JLL Cincinnati Office Employment Update May 2015Andrew Batson
The office employment sector continued its streak of strong jobs growth, posting an annual net gain of 5,500 jobs according to the latest data from the BLS.
Cincinnati JLL Office Employment Update February 2015cybrooks
The Cincinnati metro enjoyed strong jobs growth by recently adding 21,700 payrolls, year-over-year, bringing total non-farm employment to 1.05 million. Meanwhile, unemployment fell 20 basis points from the previous month to 4.1 percent.
Cincinnati JLL Office Employment Update February 2015cybrooks
The Cincinnati metro enjoyed strong jobs growth by recently adding 21,700 payrolls, year-over-year, bringing total non-farm employment to 1.05 million. Meanwhile, unemployment fell 20 basis points from the previous month to 4.1 percent.
After adding 8,300 jobs, industrial employment posted its best annual gain since 2011. Durable goods continues to pace manufacturing jobs, gaining double the level of non-durable goods employment. Manufacturing employment has now increased for 14 consecutive months.
The Cincinnati metro enjoyed strong jobs growth by recently adding 21,700 payrolls, year-over-year. Total non-farm employment now sits at 1.05 million. Meanwhile, unemployment fell 20 basis points from the previous month to 4.1 percent.
The Cincinnati metro enjoyed strong jobs growth by recently adding 19,300 payrolls, year-over-year, bringing total non-farm employment to 1.03 million. Meanwhile, unemployment rose 1.2 percent from the previous month to 5.5 percent, equal that of the national level.
Office-occupying employment has now had annual losses in three consecutive months. The most recent loss of 2,900 jobs was the largest since 2012. Government remained the laggard in the category, contracting by 4,000 jobs from the prior year. Employment in the sector is down 24 percent since its peak in 2010.
The Cincinnati metro continued its steady expansion by recently adding 20,000 payrolls, year-over-year, bringing total non-farm employment to 1.06 million. Meanwhile, unemployment fell 80 basis points year-over-year to 4.1 percent.
St. Louis unemployment held steady at 5.6 percent this month as the number of job seekers kept pace with employment. The number of employed workers continues to be at post-recession highs.
In the most recent data from the BLS, industrial-using employment increased by nearly 1,900 on a month-over-month basis and 12,000 on a year-over-year basis.
JLL Columbus Office Employment Update February 2015Andrew Batson
The Columbus metro saw modest job growth according to the latest figures from the BLS, adding 8,300 payrolls, annually. Meanwhile, unemployment remains virtually unchanged from the previous month at 3.7 percent, one of the lowest in the U.S.
The Indy industrial market continued to grow this quarter. Net absorption has already surpassed last year’s total and completed construction is closing in on last year’s total.
Finance and insurance driving expansions and relocations in the market
As of third quarter, metro employment in the finance and insurance industries finally approached pre-recession levels.
The office market saw substantial leasing activity from firms like Ally Financial which recently relocated 150 employees to the Shoreview Corporate Center with plans to add another 250 jobs by 2017.
Other firms like One Beacon Insurance Group, Securian Financial Group, Travelers Companies, and General Casualty Company have either invested in new space or absorbed existing space in all corners of the Minneapolis-St. Paul market.
Grand Action, a non-profit organization made of the city’s wealthiest benefactors, led the way on three major projects that, starting in the 1990s, transformed downtown Grand Rapids. The
Minneapolis CBD leads in large leasing deals
Vacancy rates in Minneapolis CBD continue their trend of shrinking every quarter. Vacancy at IDS Center declined 250 basis points since 2014 and the building now has its lowest quarterly vacancy in recent years. The demand for premium downtown office space is substantial and even co-working firms are getting in on the craze. Recently, two shared-space companies out of Chicago, Industrious and Assemble, leased a collective 36,000 sf with plans to rent out collaborative workspace to entrepreneurs and small firms by end of year.
Leasing activity and tenant demand in Cleveland looks quite strong. Office employment sectors have recorded sustained jobs growth over the last three years, which is translating into increased tenant demand.
Downtown Detroit is beginning to show its credit worthiness to the capital markets. With interest rates at all time lows but expected to rise in the near future, investors are looking to take advantage.
After increasing in July, the local labor market contracted by 2,000 workers in August. Along with that employment held flat, still near a historic high. As a result, unemployment edged down 40 basis points to 3.3 percent.
The size of the local labor force declined by 32,000 workers in August. That contraction caused the unemployment rate to decline 40 basis points to 5.7 percent.
According to the most recent estimates from the Bureau of Labor Statistics, total nonfarm employment in Detroit stood at ~2.0 million payrolls, representing an annualized increase of 45,200 jobs or 2.4 percent. Meanwhile, unemployment decreased 2.7 percentage points year-over-year to 6.2 percent.
Total net absorption across the metro equaled 322,977 square feet in the third quarter, a welcome change from the negative absorption posted in each of the previous two quarters.
Detroit’s economy added 46,900 net new jobs over the last year, representing a 2.5 percent increase. With steady employment gains across the metro, look for further improvement in Detroit’s office and industrial property sectors.
Manufactured goods constitute 90 percent of Illinois exports and roughly half of the state’s manufacturing output. Last year Chicago area companies accounted for over two thirds of the $68.3 billion worth of exports that originated in Illinois. Metro exports have exhibited steady improvement over the past five years growing by an average of $3.8 billion annually as manufacturing user demand followed suit.
Roughly 60 percent of Chicago’s exports were sent to countries with existing free trade agreements in place. According to the Department of Commerce members of the proposed Trans-Pacific Partnership imported $28.7 billion worth of products from Chicagoland last year. Should TPP move forward escalating trade volumes are likely to impact the local industrial market.
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Newman George Leech
Oeiras Tech City, a historic development in the Oeiras municipality of Lisbon, is acquired by RE Capital and REIG. It is located on a 93,000-square-meter plot of land and combines co-living, business, and residential areas. It highlights ESG principles and is close to Tagus Park, which improves the urban landscape of Lisbon.
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
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Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
JLL Milwaukee Employment Update May 2015
1. Office real estate implications
Office employment trends (12-month change) | Milwaukee
Source: Bureau of Labor Statistics, JLL Research
Job growth/loss by sector (12-month change) | Milwaukee
Total jobs vs. Unemployment rate | Milwaukee
5.6%
Milwaukee unemployment
0.5%
Milwaukee 12-month job growth
5.4%
U.S. unemployment
2.2%
U.S. 12-month job growth
• Nearly 6,000 jobs were shed in the most recent monthly data from the BLS.
Year-over-year job growth was 0.5% and Milwaukee’s unemployment is
currently 5.6 percent, down 120 basis points from the same period a year
earlier as nearly 7,500 people left the labor force during that timespan.
• The office-using sectors added 3,900 jobs year-over-year in the most recent
monthly data from the BLS, led by the financial activities and professional and
business services sectors. The industrial-using sectors shed 400 jobs year-
over-year.
• Total U.S. nonfarm employment increased by 223,000 jobs in April, a healthy
uptick after a disappointing March where job gains totaled just 85,000. The
strong April results will help lower concerns among economists and Wall
Street of a hiring slowdown.
• U.S. unemployment decreased 10 basis points to 5.4 percent, its lowest mark
since May 2008. Wages also continued to trend in the right direction in April,
increasing 2.2 percent year-over-year.
Employment Update
Metro Milwaukee | May 2015
Number of jobs
Employment growth in the Milwaukee metro area has been subdued with less
than 3,000 jobs added on a year-over-year basis. Total employment is currently
17,600 jobs shy of its all-time high of 786,549 reached in October of 2014.
Despite sluggish job growth, both the office and industrial markets are quite
active, and companies across multiple sectors of the economy are expanding,
including those in the financial services, IT and manufacturing sectors. A recent
report by BMO Harris predicts that Wisconsin’s jobless rate will fall to 4.9
percent this year; the report notes that the region is benefitting from the current
low gas prices but the strong dollar has a dampening effect, particularly on
exports.
Multiple large industrial lease deals completed during Q1 2015 have illuminated
the dwindling supply of available, existing inventory. With more than 2 million
square feet of speculative inventory either planned or under construction,
developers sense the timing is right to capitalize on scarcity. On the office side,
Milwaukee’s urban core is attracting new residents and office tenants.
Developers are repositioning functionally obsolete office buildings into
alternative uses which is taking pressure off of the downtown office market and
uncovering value for obsolete office product.
-2,800
-1,800
-300
100
400
900
1,100
1,500
1,600
3,200
-4,000 -3,000 -2,000 -1,000 0 1,000 2,000 3,000 4,000
Leisure & Hospitality
Trade, Transportation & Utilities
Information
Manufacturing
Mining, Logging & Construction
Other Services
Government
Professional & Business Services
Financial Activities
Educational & Health Services
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
680,000
700,000
720,000
740,000
760,000
780,000
800,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Peak: 786,549 jobs
3.2%
