{"id":2195,"date":"2017-11-23T15:03:32","date_gmt":"2017-11-23T15:03:32","guid":{"rendered":"http:\/\/www.swetconstructiongroup.com\/blog\/?p=2195"},"modified":"2017-11-23T15:03:32","modified_gmt":"2017-11-23T15:03:32","slug":"construction-growth-for-florida-georgia-multi-family-housing-apartments","status":"publish","type":"post","link":"http:\/\/swetconstructiongroup.com\/blog\/construction-growth-for-florida-georgia-multi-family-housing-apartments\/","title":{"rendered":"Construction Growth for Florida & Georgia Multi-Family Housing & Apartments"},"content":{"rendered":"

What\u2019s driving Multi Family Housing, medical facility, and hospitality construction growth in Southeast U.S.? Employment and Affordability!<\/p>\n

\u201cThe Southeast region continues to generate steady gains in commercial real estate performance as positive employment momentum converges with generally limited development pipelines,\u201d says John Chang, first vice president, research services, at Marcus & Millichap Real Estate Investment Services. \u201cTight vacancy rates remain supportive of rent growth across the majority of the region, \u00adreinforcing asset values.\u201d<\/p>\n

Georgia<\/strong><\/p>\n

\"\"Georgia is anticipated to outperform the nation for the fifth year in a row for not only job creation, but also population growth and real estate expansion.<\/p>\n

\u201cPowering this building surge is the state\u2019s population gain, which will exceed the national average this year, at 1.4 percent for Georgia versus 0.8 percent for the U.S.,”\u00a0said Jeffrey M. Humphreys, director of the Selig Center for Economic Growth at the University of Georgia\u2019s Terry College of Business.<\/a> \u00a0‘New multifamily starts will rise by 6 percent. ”<\/p>\n

Florida<\/strong><\/p>\n

With Miami and Orlando’s rapidly developing technology industry and vibrant economic growth makes Florida the perfect place for investors. According to an analysis by the University of Central Florida (UCF), published in Urban Land<\/a>, “The state\u2019s economy is expected to expand by 3.7 percent\u2014about 1.2 percentage points higher than the average rate for U.S. growth\u2014with Florida poised to become a $1 trillion economy by 2018.”<\/p>\n

This would make Florida’s economy the 16th largest in the world, according to the World Bank. Job growth is growing steadily, fueling rent growth and low vacancies. Orlando’s growing medical communities and colleges, comes the need for multi family housing, luxury and affordable high-rises, as well as micro apartments. Jacksonville is forecasted to have a 3 percent job growth this year, out pacing the national average.<\/p>\n

St. Pete, Florida is also expected to a strong economic growth, with the addition of mixed use developments in hospitality, residential, and medical communities.<\/p>\n

Check back with us next week for Part 2, in the meantime, contact SWET Construction Group for your next project.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

What\u2019s driving Multi Family Housing, medical facility, and hospitality construction growth in Southeast U.S.? Employment and Affordability! \u201cThe Southeast region continues to generate steady gains in commercial real estate performance as positive employment momentum converges with generally limited development pipelines,\u201d says John Chang, first vice president, research services, at Marcus & Millichap Real Estate Investment… Continue reading Construction Growth for Florida & Georgia Multi-Family Housing & Apartments<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[147],"tags":[69,86,30,78,34,25,24,22,21,20,18],"_links":{"self":[{"href":"http:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/posts\/2195"}],"collection":[{"href":"http:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"http:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/comments?post=2195"}],"version-history":[{"count":5,"href":"http:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/posts\/2195\/revisions"}],"predecessor-version":[{"id":2212,"href":"http:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/posts\/2195\/revisions\/2212"}],"wp:attachment":[{"href":"http:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/media?parent=2195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/categories?post=2195"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/tags?post=2195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}