Commercial Property News - November 2008 - (Page 32)

DUE Diligence STRENGTH CONSTRUCTION 2008 Construction Population Index 23,380 236 27,816 228 39,620 219 169,612 210 34,521 202 Average Index 118 131 124 125 127 IN DIVERSITY BUSINESS SERVICES Core Based Statistical Area Naples-Marco Island, FL Las Vegas-Paradise, NV Truckee-Grass Valley, CA Gardnerville Ranchos, NV Cape Coral-Fort Myers, FL 2008 Population 333,295 1.9M 101,146 47,589 608,182 Business Services Index 154 147 146 145 141 Average Index 129 130 125 123 126 (top markets for strongest growth-linked job categories) Core Based Statistical Area Pierre Part, LA Jackson, WY-ID Montrose, CO Hilton Head Island-Beaufort, SC Kill Devil Hills, NC FURNITURE/HOME FURNISHINGS Core Based Statistical Area Spokane, WA Boulder, CO Heber, UT Provo-Orem, UT Salisbury, NC Furniture/Home 2008 Furnishings Average Population Index Index 453,400 163 119 287,642 158 113 21,562 155 143 495,921 151 123 137,728 148 113 ENGINEERING/MANAGEMENT SERVICES Core Based Statistical Area Carson City, NV Gardnerville Ranchos, NV Boulder, CO Truckee-Grass Valley, CA Bozeman, MT 2008 Population 55,550 47,589 287,642 101,146 84,398 Engineering/ Management Services Index 213 189 174 170 156 Average Index 121 123 113 125 121 Sources: Nielsen Claritas Pop-Facts Demographics and Nielsen Claritas Business-Facts neering and management services and amusement and recreation. Nielsen Claritas’ Diversified Employment Index averages those categories. Intriguingly, the most affluent markets and those with diversified-employment, growthrelated markets overlap little. Fastgrowing regions of Nevada, Florida and North Carolina make BREAKDOWN. RECOVERY. PROSPERITY. We’ll Get Through This Together. Join the Global Online Meeting Place for CRE Professionals. strong diversified-employment appearances, for instance. Among markets with more than 200,000 residents, Florida rises as a clear leader in this category. Notwithstanding the state’s foreclosure problems and multi-family oversupply, Naples/Marco Island, Cape Coral/Fort Myers and Port St. Lucie possess broad-based, growth-focused job market. Visit www.cpnonline.com for a report from CPN and Nielsen Claritas on lifestyle centers as a predictors of growth potential. In the short term, of course, the recession will curtail growth-related employment in many of these markets. Nevertheless, the presence of those businesses suggests both continued population growth and the diverse employment base that make them promising. Observed Munoz: “The more diverse the job market, the better chance the market has to withstand these recessionary times.” —Reach retail editor Paul Rosta at paul.rosta@nielsen.com. could do and achieve a return on investment within one year.” Meanwhile, Amherst College is renovating a number of its campus facilities to LEED standards. It is rehabbing The Lord Jeffery Inn, a 48-room hotel that serves as the gateway to the campus, adding 35,000 square feet to create a banquet space and 22 more rooms. The project also includes $1 million worth of energy-efficiency improvements, including photovoltaic solar panels on its southfacing roofs, energy-efficient windows, improved insulation and 60 geothermal wells, that will contribute to heating and cooling. All of these improvements will pay for themselves in five or six years through lower energy bills, Brassord estimated. t SUSTAINABILITY Continued from page 29 GRADE-A GREEN ment of Energy to fund the initiative for two years, then absorbed the cost internally. The university has reduced its energy consumption by 22 percent in the past two years, saving more than $2.5 million, or $50,000 to $100,000 per building per year, said director of sustainability and energy management David Norvell. “We believe in commissioning so strongly, we’ve decided to hire a second commissioning team, and we hope to get through all our educational buildings within the next two years,” Norvell noted. “Commissioning is something that any building owner 32 COMMERCIAL PROPERTY NEWS • November 2008 • www.cpnonline.com http://www.cpnonline.com http://www.creopoint.com http://www.cpnonline.com

Table of Contents Feed for the Digital Edition of Commercial Property News - November 2008

CPN - November 2008 Contents Starting Line Seniors Housing Data/Analysis Conferences Through the Fog CPN’s Top Cities for Investment & Corporate Relocation Finance International Sustainability CPN-Nielsen Claritas Special Report

Commercial Property News - November 2008

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