[Orionsdolph]

First Quarter 2022 Commercial Real Estate Metro Market Report: Florida Has Top 5 Hottest Markets




"NAR's Commercial Real Estate Metro Market Conditions Index for the first quarter of 2022 shows that Florida held the top five hottest commercial real estate metro markets: Orlando, Miami, Palm Beach, Fort Lauderdale, and Fort Myers."


"The Commercial Real Estate Metro Market Reports provide information on the multifamily, office, industrial, retail, and hotel property markets in 390 metropolitan areas or portions of these areas. The reports provide indicators on the economic and demographic conditions of a metro area (GDP growth, employment, unemployment, wage growth, domestic migration, population growth) and commercial market indicators on net absorption, vacancy rates, rent, deliveries, ongoing construction, inventory, total sales volume, transaction price, and cap rates based on CoStar® market data."




Metropolitan Market

1. Orlando, FL
2. Miami, FL
3. Palm Beach, FL
4. Fort Lauderdale, FL
5. Fort Myers, FL
6. Savannah, GA
7. Austin, TX
8. Boston, MA
9. Inland Empire, CA
10. Atlanta, GA
11. Asheville, NC
12. Las Vegas, NV
13. Charleston, SC
14. Nashville, TN
15. Provo, UT



https://www.nar.realtor/research-and...market-reports




25 indicators used to create the NAR Commercial Real Estate Market Index

1) Year-over-year percent change in non-farm employment is higher than the U.S. rate
2) Unemployment rate is lower than the U.S. rate
3) Year-over-year percent change in average weekly wages is higher than the U.S. rate
4) GDP growth is higher than the U.S. rate
5) Year-over-year percent change is higher than the U.S. rate
6) Population growth is higher than the U.S. rate
7) Net domestic migration is positive
8) Year-over-year percent change in apartment rent is higher than the U.S. rate
9) Rent to income share is higher than the U.S. rate (means there's need for more development)
10) Multifamily rental vacancy rate is lower than the U.S. rate
11) Year-over-year percent change in apartment rent is higher than the U.S. rate
12) Year-over-year percent change in 12-month starts for 5-unit properties is higher than the U.S. rate
13) Ratio of change in employment to 5-unit housing starts in past 12 months is higher than the U.S. ratio
14) Year-over-year percent change in new leasing in square feet for office space is higher than nationally
15) Net absorption of office space is positive
16) Office vacancy rate is lower than the U.S. rate
17) Year-over-year percent change in office asking rent is higher than the U.S. rate
18) Construction of office space as a share of current inventory is higher than U.S. rate
19) Year-over-year percent change in new leasing in square feet for industrial space is higher than the U.S. rate
20) Net absorption of industrial space is positive
21) Year-over-year percent change in industrial asking rent is higher than the U.S. rate
22) Under construction of industrial space as a share of current inventory is higher than U.S. rate
23) Year-over-year percent change in retail trade jobs is higher than the U.S. rate
24) Year-over-year percent change in leisure and hospitality jobs is higher than the U.S. rate
25) Year-over-year percent change in leisure and hospitality businesses open relative to Jan 2020 is higher than the U.S. rate


https://www.nar.realtor/research-and...market-reports