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CRE Finance World Summer 2015
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15 Based on his analysis of 11 million American workers in 320 metropoli-
tan areas. See Enrico Moretti, “The New Geography of Jobs”, Mariner
Books, Houghton Mifflin Harcourt, Boston, New York, 2013
16 e-mail correspondence with Jon Southard of CBRE also see See Moretti
17 Tech location quotient data from CBRE
18 i.e. Miami-Miami Beach-Kendall FL, Fort Lauderdale-Pompano Beach-
Deerfield Beach FL, West Palm Beach-Boca Raton-Boynton Beach FL.
Although these markets include some of the negative characteristics
noted above, the metropolitan area appears poised for long term secu-
lar growth. Please see the addendum of the full report for more detail.
19 Josh Boak, “Why areas with good jobs have hard-to-afford homes”
Associated Press as presented in the Wall Street Journal, December 9,
2014.
20 Joel Kotkin “Baby Boomtowns: The U.S. Cities Attracting The Most
Families”, Forbes, September 12, 2014.
21 “See Shaila Dewanaug, “Affordable Housing Draws Middle Class to
Inland Cities”, New York Times, August 3, 2014.
22 See Joel Kotkin “Baby Boomtowns: The U.S. Cities Attracting The
Most Families”, Forbes, September 12, 2014.
23 Although there is no guarantee of future returns, we believe that good
investment returns can theoretically be made in many markets with the
right investment, entry, and exit timing.
Beyond The Big Six: Identifying Alternative Us Office Markets Based On Long Term Demand Generators