Commercial Investment Real Estate

SEP-OCT 2017

Commercial Investment Real Estate is the magazine of the CCIM Institute, the leading provider of commercial real estate education. CIRE covers market trends, current developments, and business strategies within the commercial real estate field.

Issue link: http://cire.epubxp.com/i/870737

Contents of this Issue

Navigation

Page 11 of 54

CCIM.COM September | October 2017 7 Skilled Labor Needed to Boost Manufacturing Top 10 Large Cities to Start a Business 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 Source: CoreNet Global Source: WalletHub Multifamily shows volumes declined by 30%, but property prices were up 7.5% YOY through May 2017. ➊ Oklahoma City, Okla. ➋ Salt Lake City ➌ Charlotte, N.C. ➍ Tulsa, Okla. ➎ Grand Rapids, Mich. 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. ➏ Durham, N.C. ➐ St. Louis ➑ Austin, Texas ➒ Amarillo, Texas ➓ Sioux Falls, S.D. 18% 16 14 12 10 8 6 4 0 2 70% 60 50 40 30 20 10 0 –20 –10 2012 2013 2014 2015 2016 2017 YOY chg prices YOY chg volume Disconnect Between Pricing and Volume for Commercial Properties Sigrid Gombert/Getty Images

Articles in this issue

Links on this page

Archives of this issue

view archives of Commercial Investment Real Estate - SEP-OCT 2017