Grubb Goes Olympic, Hands Out Job Recovery Medals
Okay, not actual physical medals. But commercial real estate titan Grubb & Ellis had a neat idea the other week. As part of their “Good News Friday” series, they decided to take a look at the Bureau of Labor Statistics data on job recovery and then award gold, silver and bronze medals to the top three metro areas in each of the nine census divisions. The results are heartening and a little surprising. On top and awarded with the gold, you’ll find Omaha, Pittsburgh, Austin and Boston with some eye-popping numbers — Austin especially. Cue the Olympic theme music!
For commercial real estate, job growth is one of the most important indicators to consider in the decision on where to buy or invest. G&E research says the west and south will continue to grow at a faster pace than the northeast and midwest, “but strong contenders for investment capital can be found in all regions of the country.”