Tag Archive: employment

Best Performing U.S. Cities of 2013

Brought to you by the Milken Institute, which is a nonprofit, nonpartisan economic think tank, the Milken Institute works to improve lives around the world by advancing innovative economic and policy solutions that create jobs, widen access to capital, and enhance health. The MIlken Institute examines which U.S. metros are thriving and which are only…

Columbus and Central Ohio Employment Forecast for 2014

Columbus and Central Ohio can expect job growth far above the average in Ohio and above the national average.   The region is expected to add 18,200 jobs this year, which is a gain of 1.9 percent according to Bill LaFayette, owner of the Regionomics consulting firm.   He also says that this is his strongest forecast…

Columbus Ohio Job Growth Ranks high

Columbus ranked 10th best in the country of the 50 largest metropolitan areas according to a recent report by Wells Fargo Bank. Columbus also outranked every other major metropolitan area in the Midwest including Pittsburgh and Indianapolis . Texas cities took four of the top six positions with Austin leading. Columbus added a net 20,000…

Uncertainty Weighs Heavily Over Economy and Commercial Real Estate

If it’s one thing that markets hate, especially commercial real estate, that’s uncertainty.  Also, election really matter and this one made the situation more uncertain. In fact, it’s going to be worse than it has been in the prelude to the election given that Obama still holds the Whitehouse and the Democrats the senate and…

Commercial Office Market Ready for Rent Growth

Randyl Drummer with CoStar News reports that the rebound in office type jobs is becoming strong  enough that we could see rent growth in the near future.  The growth spreading to smaller businesses and secondary markets coupled with positive absorption and little new supply coming on the market will lead to rent growth over the…

Northeast Ohio Jobs and Utica Shale

The Utica shale gas resources are forecasted to bring an addition 65,000 at an average $50k per year to the long suffering Northeast sector of Ohio.  The area has been Ohio’s highest chronic unemployment since the steel industry shut down in the late 70s and early 80s. According to the study Ohio’s gross domestic product…

Columbus / Central Ohio Unemployment Drops in September

Central Ohio does what it always does and recovers faster than the rest of the Midwest.  September unemployment was down to 7.7%.  That’s not where we’d like to see it, but it sure beats some other Ohio cities with 9.3 percent in Cincinnati, 9.6 percent in Cleveland and 10.1 percent in Toledo. http://www.bizjournals.com/columbus/news/2011/10/25/unemployment-rate-improves-in-central.html

US Cities Ranked for Job Growth – 2011

One of the primarily keys to a robust commercial real estate market, beside lenders willing to lend, is job growth.  Everything being equal, a robust employment market will equal a thriving commercial real estate market.  Here are the numbers from January 2010 to January 2011 and segmented by small, medium and large cities.  In the…

Population Growth – the City Versus Their Suburbs

This is a bit interesting.  The follwing chart show where the following cities are growing versus their suburbs.  My home town of Columbus has always been known for balanced growth and it appears that’s continuing.  See the chart on the next page WSJ Blogs – The City Versus Suburbs