Commercial Investment Real Estate September/October 2017 | Page 9

Top 10 Large Cities to
Start a Business
➊ Oklahoma City, Okla.
➋ Salt Lake City
➌ Charlotte, N.C.
➍ Tulsa, Okla.
➎ Grand Rapids, Mich.
➏ Durham, N.C.
➐ St. Louis
➑ Austin, Texas
➒ Amarillo, Texas
➓ Sioux Falls, S.D.
Source: WalletHub
Disconnect
Between Pricing
and Volume for
Commercial
Properties
Skilled Labor Needed to
Boost Manufacturing
The No. 1 priority for companies seeking to locate manufacturing
operations is access to skilled labor. “The biggest trend is having
the workforce to meet the needs of the company in the short-term,
mid-term, and long-term over the next 25 years,” says Del Boyette,
president and CEO of Boyette Strategic Advisors. “You can have
all the infrastructure in place, the perfect building, and the perfect
site. But if you don’t have the workforce to support that business
unit long-term, then the investment cannot be made at that site.”
Corporate real estate professionals play a key supporting role
in the site selection process, which usually involves a large team
of real estate, human resources, legal, government, IT, and tax
professionals. Corporate real estate professionals usually manage
the process and input from different stakeholders.
Source: CoreNet Global
CCIM.COM
Multifamily shows volumes declined by 30%, but
property prices were up 7.5% YOY through May 2017.
YOY chg prices
YOY chg volume
18%
70%
16 60
14 50
12 40
10 30
8 20
6 10
4 0
2 –10
0
2012
2013
2014
2015
2016
2017
–20
Moody’s/RCA CPRI national all-property composite (office, industrial, retail, and multifamily)
Volume: office, industrial, retail, multifamily, hotel, and development
Sources: Real Capital Analytics, Moody’s
September | October 2017
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