Southeastern U.S. Experiencing a Growth Spur
February 10, 2017 | by Dan Wagner | National Real Estate Investor
Due to rapid growth, the Southeast is emerging as an economic powerhouse with a diversifying base.
With two international gateway markets in Atlanta and Miami—together accounting for more than 50 percent of the region’s international commercial real estate investment—and strong growth and educated workforces in smaller cities such as Charlotte, Tampa and Nashville, the Southeast region would form the sixth largest country in the world with a growth rate that would exceed any in the top five.
The Southeast boasts an industrial expansion fueled by both import and export activity, as well as increases in manufacturing employment and activity. Overall industrial vacancy is at a record low for the region. Atlanta, Orlando and Memphis provide strategic locations for e-commerce users, and Memphis has seen an excessive amount of distribution activity relative to the market’s size. The region benefits from port markets such as Savannah, Miami and Charleston as well, and industrial health will continue to strengthen with the widening of the Panama Canal.