Florida ICSC 2013 Presentation
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Transcript of Florida ICSC 2013 Presentation
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7/27/2019 Florida ICSC 2013 Presentation
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OverviewofFlorida:
EconomicsGaryRalstonCBCSaundersRalstonDantzlerRealty
LendingBrianBaileyFederalReserveBankofAtlanta
SalesandLeasingSuzanneMulVeePPR/CoStar
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Gary Ralston
directors ofCommercialNet LeaseRealty, Inc. (NYSE:NNN) theindustry leader insingle-tenant corporatenet-leased realestate.DuringthatGmeheguided thecompany'sgrowthfromlessthan$15million inrealestate
assetstoover$1.5billion.
aryholdstheCerGfiedCommercialInvestmentMember(CCIM),SocietyofIndustrialandOfficeRealtors(SIOR),SpecialistinRealEstateSecuriGes(SRS),CerGfiedPropertyManager(CPM),CounselorofRealEstate(CRE)and
CerGfied Leasing Specialist (CLS) designaGons and is also a Florida licensed real estate broker and cerGfied
buildingcontractor.
aryisaseniorinstructorfortheCCIMInsGtuteandamemberoftheboardofdirectorsoftheCCIMInsGtuteand
CCIMTechnologies,Inc.HeisafullmemberoftheUrbanLandInsGtute(ULI),amemberoftheInternaGonal
CouncilofShoppingCenters(ICSC)andaninstructorforICSCREConAcademy.
aryholdsaMastersinRealEstateandConstrucGonManagementfromtheUniversityofDenver.In2007hewas
namedanadjunctfacultymemberattheUniversityofDenver,in2011hewasnamedanadjunctfacultymemberatFloridaSouthernCollegeandin2013arywasnamedanadjunctfacultymemberattheUniversityofFlorida.
Heistheco-chairoftheFloridaSouthernCollegerealestateconference.
arywasinductedasaHoytFellow(www.hoyt.org)in2001.HeisamemberoftheRegionalEconomic
InformaGonNetworkoftheJacksonvilleBranchoftheFederalReserveBankofAtlanta.aryisrecognizedasthe
secondmostaccreditedrealestateprofessionalintheNaGon.
GaryM.Ralston, CCIM, SIOR, SRS, CPM,CRE, CLS, is amanagingpartner of Coldwell BankerCommercialSaundersRalstonDantzlerRealty,LLCthepremiercommercialservicesproviderin
CentralFlorida(PolkCounty).Heisarecognizedsubjectma`erexpertonretailandcommercialproperGes.Healso serves asaprincipal ofa retailbuild-to-suit developmentand investment
company.
Fromtheearly1990sthrough2004arywasthepresidentandamemberoftheboardof
aryRalston
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Gary Ralston
PriortojoiningtheFederalReserveBankofAtlanta,BrianwasemployedbytheprivateequityfirmTavistockroupasSeniorFinanceandAcquisiGonsManagerinrealestate.BeforejoiningTavistock,
BrianwastheDirectorofRealEstateFinanceforFlaglerDevelopmentroup,Floridaslargest
commercialrealestatedeveloper.
BriansexperienceincludesworkingforErnst&YoungLLP,wherehewasanexecuGve.Brianmanaged
mulGpleengagementsforbothprivateandpublicsectorclients.Hisadvisoryexperienceincludesasset
acquisiGon/disposiGon,transacGonduediligence,valuaGon,feasibilityandmarketstudies,loandue
diligence,reviewingleasesandcashflowmodeling.PriortojoiningE&Y,BrianfoundedandoperatedanindustrialdevelopmentcompanythatspecializedintheacquisiGon,development,and
refurbishmentofindustrialandofficeproperGes.Priortothat,Briangothisstartincommercialrealestateasalocalmarketappraiser.
AerreceivingaBachelorofArtsinBusinessAdministraGonfromMercerUniversity,Brianearnedan
MBAdegreewithconcentraGonsinRealEstateandFinancefromtheUniversityofFlorida.Healso
a`ainedtheCCIMdesignaGon.
BrianBaileyistheSeniorFinancialPolicyAnalystintheSupervisionandRegulaGonDivisionoftheFederalReserveBankofAtlanta.BrianisarecognizedFederal
ReserveSystemexpertresponsibleforthoughtleadershipincommercialrealestate
andprovidingguidanceonvaluaGonissues.Brianhasextensiveexperiencewith
commercialrealestatevaluaGon,transacGon,development,stresstesGngand
financialissues.Briansexperiencespansboththepublicandprivatesectors.
BrianBailey
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Gary Ralston
SincejoiningPPR,shehaswri`enahandfulofwhitepapersandnumerousarGclesforpublicaGons,includingCommercialInvestmentRealEstate,MBANewslink,CMBSWorld,andNCREIFsRealEstate
PerformanceReport.SheisoencitedinindustrynewsjournalsaswellasnaGonalmedia,including
theWallStreetJournal,NewYorkTimes,CNBC,NPR,andMSNBC,foropinionsonrealestateinvestmentperformance.
BeforejoiningPPR,sheanalyzedrealestateinvestmentopportuniGesforalocalbrokeragefirm,
consultedoncommercialrealestatepurchases,andworkedasacreditanalystincommercialbanksin
SanDiegoandreaterBoston.
MulveeearnedaB.A.cumlaudeinFinancialandManagerialEconomicsfromtheUniversityofNew
Hampshire,whereshewasrecognizedasoneoftheUniversityspresGgiousPresidenGalScholars.She
holdstheCFAdesignaGonandisamemberofICSC(ElectedMemberofNorthAmericanResearchCouncil),CREFinanceCouncil(ResearchCommi`ee),NAIOP(NaGonalDirectorsMeeGngResearch
Council),BostonSecurityAnalystsSociety,andUrbanLandInsGtute.
SuzanneMulvee,CFA,designsstrategiesforinvesGngacrosstheU.S.apartment,office,retail,andwarehousepropertymarkets.SheworkstocustomizePPRscore
researchtosuitspecificinvestmentcriteriaandhelpsclientstocommunicate
porolioperformanceandforward-lookingstrategiestostakeholders.Mulvee
specializesinresearchandforecasGngoftheperformanceofretailassetsacrossthe
UnitedStates.
SuzanneMulvee
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OverviewofFloridaEconomics
aryM.Ralston,CCIM,SIOR,CPM,CRE,CLS
ColdwellBankerCommercialSaundersRalstonDantzlerRealtyary@SRDcommercial.com
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Real estate is space for people.
Space for people to:live inwork inshop in, andstore things in.
Demand for retail real estate is peopleand money (household income).
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CensusFacts
h"p://quickfacts.census.gov
Florida USA
Population, 2012 estimate 19,317,568 313,914,040
Annualized Population Growth 158,324 1,588,698Annualized Population Growth (4/2010 - 7/2013) 0.83% 0.52%
Persons under 5 years, percent, 2012 5.5% 6.4%
Persons under 18 years, percent, 2012 20.7% 23.5%
Persons 65 years and over, percent, 2012 18.2% 13.7%
Black or African American alone, percent, 2012 16.6% 13.1%
Asian alone, percent, 2012 2.7% 5.1%
Hispanic or Latino, percent, 2012 23.2% 16.9%
Foreign born persons, percent, 2007-2011 19.2% 12.8%
Language other than English spoken at home 27.0% 20.3%
High school graduate or higher, % > age 25+, 2007-2011 85.5% 85.4%
Bachelor's degree or higher, % > age 25+, 2007-2011 26.0% 28.2%
Mean travel time to work (minutes), 2007-2011 25.7 25.4
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CensusFacts
h"p://quickfacts.census.gov
Florida USA
Population, 2012 estimate 19,317,568 313,914,040
Annualized Population Growth 158,324 1,588,698Annualized Population Growth (4/2010 - 7/2013) 0.83% 0.52%
Persons under 5 years, percent, 2012 5.5% 6.4%
Persons under 18 years, percent, 2012 20.7% 23.5%
Persons 65 years and over, percent, 2012 18.2% 13.7%
Black or African American alone, percent, 2012 16.6% 13.1%
Asian alone, percent, 2012 2.7% 5.1%
Hispanic or Latino, percent, 2012 23.2% 16.9%
Foreign born persons, percent, 2007-2011 19.2% 12.8%
Language other than English spoken at home 27.0% 20.3%
High school graduate or higher, % > age 25+, 2007-2011 85.5% 85.4%
Bachelor's degree or higher, % > age 25+, 2007-2011 26.0% 28.2%
Mean travel time to work (minutes), 2007-2011 25.7 25.4
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CensusFacts
h"p://quickfacts.census.gov
Florida USA
Population, 2012 estimate 19,317,568 313,914,040
Annualized Population Growth 158,324 1,588,698Annualized Population Growth (4/2010 - 7/2013) 0.83% 0.52%
Persons under 5 years, percent, 2012 5.5% 6.4%
Persons under 18 years, percent, 2012 20.7% 23.5%
Persons 65 years and over, percent, 2012 18.2% 13.7%
Black or African American alone, percent, 2012 16.6% 13.1%
Asian alone, percent, 2012 2.7% 5.1%
Hispanic or Latino, percent, 2012 23.2% 16.9%
Foreign born persons, percent, 2007-2011 19.2% 12.8%
Language other than English spoken at home 27.0% 20.3%
High school graduate or higher, % > age 25+, 2007-2011 85.5% 85.4%
Bachelor's degree or higher, % > age 25+, 2007-2011 26.0% 28.2%
Mean travel time to work (minutes), 2007-2011 25.7 25.4
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CensusFacts
h"p://quickfacts.census.gov
Florida USA
Population, 2012 estimate 19,317,568 313,914,040
Annualized Population Growth 158,324 1,588,698Annualized Population Growth (4/2010 - 7/2013) 0.83% 0.52%
Persons under 5 years, percent, 2012 5.5% 6.4%
Persons under 18 years, percent, 2012 20.7% 23.5%
Persons 65 years and over, percent, 2012 18.2% 13.7%
Black or African American alone, percent, 2012 16.6% 13.1%
Asian alone, percent, 2012 2.7% 5.1%
Hispanic or Latino, percent, 2012 23.2% 16.9%
Foreign born persons, percent, 2007-2011 19.2% 12.8%
Language other than English spoken at home 27.0% 20.3%
High school graduate or higher, % > age 25+, 2007-2011 85.5% 85.4%
Bachelor's degree or higher, % > age 25+, 2007-2011 26.0% 28.2%
Mean travel time to work (minutes), 2007-2011 25.7 25.4
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CensusFacts
h"p://quickfacts.census.gov
Florida USA
Population, 2012 estimate 19,317,568 313,914,040
Annualized Population Growth 158,324 1,588,698Annualized Population Growth (4/2010 - 7/2013) 0.83% 0.52%
Persons under 5 years, percent, 2012 5.5% 6.4%
Persons under 18 years, percent, 2012 20.7% 23.5%
Persons 65 years and over, percent, 2012 18.2% 13.7%
Black or African American alone, percent, 2012 16.6% 13.1%
Asian alone, percent, 2012 2.7% 5.1%
Hispanic or Latino, percent, 2012 23.2% 16.9%
Foreign born persons, percent, 2007-2011 19.2% 12.8%
Language other than English spoken at home 27.0% 20.3%
High school graduate or higher, % > age 25+, 2007-2011 85.5% 85.4%
Bachelor's degree or higher, % > age 25+, 2007-2011 26.0% 28.2%
Mean travel time to work (minutes), 2007-2011 25.7 25.4
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CensusFacts
h"p://quickfacts.census.gov
Florida USA
Population, 2012 estimate 19,317,568 313,914,040
Annualized Population Growth 158,324 1,588,698Annualized Population Growth (4/2010 - 7/2013) 0.83% 0.52%
Persons under 5 years, percent, 2012 5.5% 6.4%
Persons under 18 years, percent, 2012 20.7% 23.5%
Persons 65 years and over, percent, 2012 18.2% 13.7%
Black or African American alone, percent, 2012 16.6% 13.1%
Asian alone, percent, 2012 2.7% 5.1%
Hispanic or Latino, percent, 2012 23.2% 16.9%
Foreign born persons, percent, 2007-2011 19.2% 12.8%
Language other than English spoken at home 27.0% 20.3%
High school graduate or higher, % > age 25+, 2007-2011 85.5% 85.4%
Bachelor's degree or higher, % > age 25+, 2007-2011 26.0% 28.2%
Mean travel time to work (minutes), 2007-2011 25.7 25.4
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CensusFacts
h"p://quickfacts.census.gov
Florida USA
Population, 2012 estimate 19,317,568 313,914,040
Annualized Population Growth 158,324 1,588,698Annualized Population Growth (4/2010 - 7/2013) 0.83% 0.52%
Persons under 5 years, percent, 2012 5.5% 6.4%
Persons under 18 years, percent, 2012 20.7% 23.5%
Persons 65 years and over, percent, 2012 18.2% 13.7%
Black or African American alone, percent, 2012 16.6% 13.1%
Asian alone, percent, 2012 2.7% 5.1%
Hispanic or Latino, percent, 2012 23.2% 16.9%
Foreign born persons, percent, 2007-2011 19.2% 12.8%
Language other than English spoken at home 27.0% 20.3%
High school graduate or higher, % > age 25+, 2007-2011 85.5% 85.4%
Bachelor's degree or higher, % > age 25+, 2007-2011 26.0% 28.2%
Mean travel time to work (minutes), 2007-2011 25.7 25.4
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CensusFacts
h"p://quickfacts.census.gov
Florida USA
Population, 2012 estimate 19,317,568 313,914,040
Annualized Population Growth 158,324 1,588,698Annualized Population Growth (4/2010 - 7/2013) 0.83% 0.52%
Persons under 5 years, percent, 2012 5.5% 6.4%
Persons under 18 years, percent, 2012 20.7% 23.5%
Persons 65 years and over, percent, 2012 18.2% 13.7%
Black or African American alone, percent, 2012 16.6% 13.1%
Asian alone, percent, 2012 2.7% 5.1%
Hispanic or Latino, percent, 2012 23.2% 16.9%
Foreign born persons, percent, 2007-2011 19.2% 12.8%
Language other than English spoken at home 27.0% 20.3%
High school graduate or higher, % > age 25+, 2007-2011 85.5% 85.4%
Bachelor's degree or higher, % > age 25+, 2007-2011 26.0% 28.2%
Mean travel time to work (minutes), 2007-2011 25.7 25.4
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HouseholdFacts
h"p://quickfacts.census.gov
Florida USA
Living in same house 1 year & over, percent, 2007-2011 83.5% 84.6%
Housing units, 2011 9,026,965 132,312,404
Homeownership rate, 2007-2011 69.0% 66.1%
Housing units in multi-unit structures, percent, 2007-2011 29.9% 25.9%
Median value of owner-occupied housing units, 2007-2011 $188,600 $186,200
Households, 2007-2011 7,140,096 114,761,359
Persons per household, 2007-2011 2.56 2.60
Housing Units/Household Ratio 1.26 1.15
Building permits, 2012 64,810 829,658
Per capita income past 12 months (2011 dollars), 2007-2011 $26,733 $27,915
Median household income, 2007-2011 $47,827 $52,762
Retail sales, 2007 ($1000) 262,341,127 3,917,663,456
Retail sales per capita, 2007 $14,353 $12,990
Accommodation and food services sales, 2007 ($1000) 41,922,059 613,795,732
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HouseholdFacts
h"p://quickfacts.census.gov
Florida USA
Living in same house 1 year & over, percent, 2007-2011 83.5% 84.6%
Housing units, 2011 9,026,965 132,312,404
Homeownership rate, 2007-2011 69.0% 66.1%
Housing units in multi-unit structures, percent, 2007-2011 29.9% 25.9%
Median value of owner-occupied housing units, 2007-2011 $188,600 $186,200
Households, 2007-2011 7,140,096 114,761,359
Persons per household, 2007-2011 2.56 2.60
Housing Units/Household Ratio 1.26 1.15
Building permits, 2012 64,810 829,658
Per capita income past 12 months (2011 dollars), 2007-2011 $26,733 $27,915
Median household income, 2007-2011 $47,827 $52,762
Retail sales, 2007 ($1000) 262,341,127 3,917,663,456
Retail sales per capita, 2007 $14,353 $12,990
Accommodation and food services sales, 2007 ($1000) 41,922,059 613,795,732
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HouseholdFacts
h"p://quickfacts.census.gov
Florida USA
Living in same house 1 year & over, percent, 2007-2011 83.5% 84.6%
Housing units, 2011 9,026,965 132,312,404
Homeownership rate, 2007-2011 69.0% 66.1%
Housing units in multi-unit structures, percent, 2007-2011 29.9% 25.9%
Median value of owner-occupied housing units, 2007-2011 $188,600 $186,200
Households, 2007-2011 7,140,096 114,761,359
Persons per household, 2007-2011 2.56 2.60
Housing Units/Household Ratio 1.26 1.15
Building permits, 2012 64,810 829,658
Per capita income past 12 months (2011 dollars), 2007-2011 $26,733 $27,915
Median household income, 2007-2011 $47,827 $52,762
Retail sales, 2007 ($1000) 262,341,127 3,917,663,456
Retail sales per capita, 2007 $14,353 $12,990
Accommodation and food services sales, 2007 ($1000) 41,922,059 613,795,732
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HouseholdFacts
h"p://quickfacts.census.gov
Florida USA
Living in same house 1 year & over, percent, 2007-2011 83.5% 84.6%
Housing units, 2011 9,026,965 132,312,404
Homeownership rate, 2007-2011 69.0% 66.1%
Housing units in multi-unit structures, percent, 2007-2011 29.9% 25.9%
Median value of owner-occupied housing units, 2007-2011 $188,600 $186,200
Households, 2007-2011 7,140,096 114,761,359
Persons per household, 2007-2011 2.56 2.60
Housing Units/Household Ratio 1.26 1.15
Building permits, 2012 64,810 829,658
Per capita income past 12 months (2011 dollars), 2007-2011 $26,733 $27,915
Median household income, 2007-2011 $47,827 $52,762
Retail sales, 2007 ($1000) 262,341,127 3,917,663,456
Retail sales per capita, 2007 $14,353 $12,990
Accommodation and food services sales, 2007 ($1000) 41,922,059 613,795,732
-
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HouseholdFacts
h"p://quickfacts.census.gov
Florida USA
Living in same house 1 year & over, percent, 2007-2011 83.5% 84.6%
Housing units, 2011 9,026,965 132,312,404
Homeownership rate, 2007-2011 69.0% 66.1%
Housing units in multi-unit structures, percent, 2007-2011 29.9% 25.9%
Median value of owner-occupied housing units, 2007-2011 $188,600 $186,200
Households, 2007-2011 7,140,096 114,761,359
Persons per household, 2007-2011 2.56 2.60
Housing Units/Household Ratio 1.26 1.15
Building permits, 2012 64,810 829,658
Per capita income past 12 months (2011 dollars), 2007-2011 $26,733 $27,915
Median household income, 2007-2011 $47,827 $52,762
Retail sales, 2007 ($1000) 262,341,127 3,917,663,456
Retail sales per capita, 2007 $14,353 $12,990
Accommodation and food services sales, 2007 ($1000) 41,922,059 613,795,732
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HouseholdFacts
h"p://quickfacts.census.gov
Florida USA
Living in same house 1 year & over, percent, 2007-2011 83.5% 84.6%
Housing units, 2011 9,026,965 132,312,404
Homeownership rate, 2007-2011 69.0% 66.1%
Housing units in multi-unit structures, percent, 2007-2011 29.9% 25.9%
Median value of owner-occupied housing units, 2007-2011 $188,600 $186,200
Households, 2007-2011 7,140,096 114,761,359
Persons per household, 2007-2011 2.56 2.60
Housing Units/Household Ratio 1.26 1.15
Building permits, 2012 64,810 829,658
Per capita income past 12 months (2011 dollars), 2007-2011 $26,733 $27,915
Median household income, 2007-2011 $47,827 $52,762
Retail sales, 2007 ($1000) 262,341,127 3,917,663,456
Retail sales per capita, 2007 $14,353 $12,990
Accommodation and food services sales, 2007 ($1000) 41,922,059 613,795,732
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h`p://quickfacts.census.gov/qfd/index.html
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FloridaEmployment
h"p://www.bls.gov/
Jun-13 12monthchange
CivilianLaborForce 9,416,400
Employment 8,751,400
Unemployment 665,100
UnemploymentRate 7.1%
TotalNonfarm 7,521,900 1.7%MiningandLogging 5,700 0.0%
ConstrucGon 351,900 3.6%
Manufacturing 313,200 -1.0%
Trade,TransportaGon,andUGliGes 1,577,200 2.6%
InformaGon 135,300 1.3%
FinancialAcGviGes 506,100 1.6%
Professional&BusinessServices 1,088,400 2.0%
EducaGon&HealthServices 1,132,000 2.1%
Leisure&Hospitality 1,019,500 2.3%
OtherServices 315,300 0.4%
overnment 1,077,300 -0.1%
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FloridaEmployment
h"p://www.bls.gov/
Jun-13 12monthchange
CivilianLaborForce 9,416,400
Employment 8,751,400
Unemployment 665,100
UnemploymentRate 7.1%
TotalNonfarm 7,521,900 1.7%MiningandLogging 5,700 0.0%
ConstrucGon 351,900 3.6%
Manufacturing 313,200 -1.0%
Trade,TransportaGon,andUGliGes 1,577,200 2.6%
InformaGon 135,300 1.3%
FinancialAcGviGes 506,100 1.6%
Professional&BusinessServices 1,088,400 2.0%
EducaGon&HealthServices 1,132,000 2.1%
Leisure&Hospitality 1,019,500 2.3%
OtherServices 315,300 0.4%
overnment 1,077,300 -0.1%
l d f l
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Mar2007
8,064,700
FloridaNonfarmEmployment
Dec2009
7,142,100
h"p://www.bls.gov/
Jun2013
7,521,900
l id l
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FloridaEmployment
h"p://www.bls.gov/
Jun-13 12monthchange
CivilianLaborForce 9,416,400
Employment 8,751,400
Unemployment 665,100
UnemploymentRate 7.1%
TotalNonfarm 7,521,900 1.7%MiningandLogging 5,700 0.0%
ConstrucGon 351,900 3.6%
Manufacturing 313,200 -1.0%
Trade,TransportaGon,andUGliGes 1,577,200 2.6%
InformaGon 135,300 1.3%
FinancialAcGviGes 506,100 1.6%
Professional&BusinessServices 1,088,400 2.0%
EducaGon&HealthServices 1,132,000 2.1%
Leisure&Hospitality 1,019,500 2.3%
OtherServices 315,300 0.4%
overnment 1,077,300 -0.1%
l id l
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FloridaEmployment
h"p://www.bls.gov/
Jun-13 12monthchange
CivilianLaborForce 9,416,400
Employment 8,751,400
Unemployment 665,100
UnemploymentRate 7.1%
TotalNonfarm 7,521,900 1.7%MiningandLogging 5,700 0.0%
ConstrucGon 351,900 3.6%
Manufacturing 313,200 -1.0%
Trade,TransportaGon,andUGliGes 1,577,200 2.6%
InformaGon 135,300 1.3%
FinancialAcGviGes 506,100 1.6%
Professional&BusinessServices 1,088,400 2.0%
EducaGon&HealthServices 1,132,000 2.1%
Leisure&Hospitality 1,019,500 2.3%
OtherServices 315,300 0.4%
overnment 1,077,300 -0.1%
Fl id E l
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FloridaEmployment
h"p://www.bls.gov/
Jun-13 12monthchange
CivilianLaborForce 9,416,400
Employment 8,751,400
Unemployment 665,100
UnemploymentRate 7.1%
TotalNonfarm 7,521,900 1.7%MiningandLogging 5,700 0.0%
ConstrucGon 351,900 3.6%
Manufacturing 313,200 -1.0%
Trade,TransportaGon,andUGliGes 1,577,200 2.6%
InformaGon 135,300 1.3%
FinancialAcGviGes 506,100 1.6%
Professional&BusinessServices 1,088,400 2.0%
EducaGon&HealthServices 1,132,000 2.1%
Leisure&Hospitality 1,019,500 2.3%
OtherServices 315,300 0.4%
overnment 1,077,300 -0.1%
Fl id B h k USA
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Florida USA
Jun-13 Jul-13
CivilianLaborForce 9,416,400 155,798,000
Employment 8,751,400 144,285,000
Unemployment 665,100 11,514,000
UnemploymentRate 7.1% 7.4%
%Nonfarm %Nonfarm
TotalNonfarm 7,521,900 136,038,000MiningandLogging 5,700 0.08% 875,000 0.64%
ConstrucGon 351,900 4.68% 5,793,000 4.26%
Manufacturing 313,200 4.16% 11,975,000 8.80%
Trade,TransportaGon,andUGliGes 1,577,200 20.97% 25,984,000 19.10%
InformaGon 135,300 1.80% 2,700,000 1.98%
FinancialAcGviGes 506,100 6.73% 7,908,000 5.81%
Professional&BusinessServices 1,088,400 14.47% 18,586,000 13.66%
EducaGon&HealthServices 1,132,000 15.05% 20,675,000 15.20%
Leisure&Hospitality 1,019,500 13.55% 14,209,000 10.44%
OtherServices 315,300 4.19% 5,481,000 4.03%
overnment 1,077,300 14.32% 21,852,000 16.06%h"p://www.bls.gov/
FloridaBenchmarktoUSA
Fl id B h k t USA
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Florida USA
Jun-13 Jul-13
CivilianLaborForce 9,416,400 155,798,000
Employment 8,751,400 144,285,000
Unemployment 665,100 11,514,000
UnemploymentRate 7.1% 7.4%
%Nonfarm %Nonfarm
TotalNonfarm 7,521,900 136,038,000MiningandLogging 5,700 0.08% 875,000 0.64%
ConstrucGon 351,900 4.68% 5,793,000 4.26%
Manufacturing 313,200 4.16% 11,975,000 8.80%
Trade,TransportaGon,andUGliGes 1,577,200 20.97% 25,984,000 19.10%
InformaGon 135,300 1.80% 2,700,000 1.98%
FinancialAcGviGes 506,100 6.73% 7,908,000 5.81%
Professional&BusinessServices 1,088,400 14.47% 18,586,000 13.66%
EducaGon&HealthServices 1,132,000 15.05% 20,675,000 15.20%
Leisure&Hospitality 1,019,500 13.55% 14,209,000 10.44%
OtherServices 315,300 4.19% 5,481,000 4.03%
overnment 1,077,300 14.32% 21,852,000 16.06%h"p://www.bls.gov/
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Florida USA
Jun-13 Jul-13
CivilianLaborForce 9,416,400 155,798,000
Employment 8,751,400 144,285,000
Unemployment 665,100 11,514,000
UnemploymentRate 7.1% 7.4%
%Nonfarm %Nonfarm
TotalNonfarm 7,521,900 136,038,000MiningandLogging 5,700 0.08% 875,000 0.64%
ConstrucGon 351,900 4.68% 5,793,000 4.26%
Manufacturing 313,200 4.16% 11,975,000 8.80%
Trade,TransportaGon,andUGliGes 1,577,200 20.97% 25,984,000 19.10%
InformaGon 135,300 1.80% 2,700,000 1.98%
FinancialAcGviGes 506,100 6.73% 7,908,000 5.81%
Professional&BusinessServices 1,088,400 14.47% 18,586,000 13.66%
EducaGon&HealthServices 1,132,000 15.05% 20,675,000 15.20%
Leisure&Hospitality 1,019,500 13.55% 14,209,000 10.44%
OtherServices 315,300 4.19% 5,481,000 4.03%
overnment 1,077,300 14.32% 21,852,000 16.06%h"p://www.bls.gov/
FloridaBenchmarktoUSA
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Florida USA
Jun-13 Jul-13
CivilianLaborForce 9,416,400 155,798,000
Employment 8,751,400 144,285,000
Unemployment 665,100 11,514,000
UnemploymentRate 7.1% 7.4%
%Nonfarm %Nonfarm
TotalNonfarm 7,521,900 136,038,000MiningandLogging 5,700 0.08% 875,000 0.64%
ConstrucGon 351,900 4.68% 5,793,000 4.26%
Manufacturing 313,200 4.16% 11,975,000 8.80%
Trade,TransportaGon,andUGliGes 1,577,200 20.97% 25,984,000 19.10%
InformaGon 135,300 1.80% 2,700,000 1.98%
FinancialAcGviGes 506,100 6.73% 7,908,000 5.81%
Professional&BusinessServices 1,088,400 14.47% 18,586,000 13.66%
EducaGon&HealthServices 1,132,000 15.05% 20,675,000 15.20%
Leisure&Hospitality 1,019,500 13.55% 14,209,000 10.44%
OtherServices 315,300 4.19% 5,481,000 4.03%
overnment 1,077,300 14.32% 21,852,000 16.06%h"p://www.bls.gov/
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Florida USA
Jun-13 Jul-13
CivilianLaborForce 9,416,400 155,798,000
Employment 8,751,400 144,285,000
Unemployment 665,100 11,514,000
UnemploymentRate 7.1% 7.4%
%Nonfarm %Nonfarm
TotalNonfarm 7,521,900 136,038,000MiningandLogging 5,700 0.08% 875,000 0.64%
ConstrucGon 351,900 4.68% 5,793,000 4.26%
Manufacturing 313,200 4.16% 11,975,000 8.80%
Trade,TransportaGon,andUGliGes 1,577,200 20.97% 25,984,000 19.10%
InformaGon 135,300 1.80% 2,700,000 1.98%
FinancialAcGviGes 506,100 6.73% 7,908,000 5.81%
Professional&BusinessServices 1,088,400 14.47% 18,586,000 13.66%
EducaGon&HealthServices 1,132,000 15.05% 20,675,000 15.20%
Leisure&Hospitality 1,019,500 13.55% 14,209,000 10.44%
OtherServices 315,300 4.19% 5,481,000 4.03%
overnment 1,077,300 14.32% 21,852,000 16.06%h"p://www.bls.gov/
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h?p://www.bls.gov/eag/
Florida Economic Census
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NAICS Description Establishments Sales (,000) Payroll (,000) EMPS
21 Mining, oil/gas extraction 223 2,636,020 322,566 5,749
22 Utilities 588 2,218,481 30,920
23 Construction 51,143 117,804,385 19,587,313 473,703
31-33 Manufacturing 14,324 104,832,907 15,227,231 355,386
42 Wholesale trade 32,361 323,340,052 15,150,412 326,878
44-45 Retail trade 73,794 262,341,127 24,049,669 1,016,290
48-49 Transportation and warehousing 13,417 40,830,371 8,203,608 218,128
51 Information 8,296 9,662,863 175,382
52 Finance and insurance 34,389 21,520,038 371,543
53 Real estate and rental and leasing 33,653 32,235,384 6,094,222 170,859
54Professional, scientific, and technicalservices
69,263 61,990,032 24,395,359 430,211
55 Management of companies and enterprises 2,597 3,733,030 9,101,529 127,414
56Adm/support & waste management/
remediation
33,581 69,478,065 41,744,535 1,412,695
61 Educational services 3,968 3,066,164 835,273 29,156
62 Health care and social assistance 51,679 102,029,316 37,234,079 904,004
71 Arts, entertainment, and recreation 7,537 15,380,980 4,217,757 166,847
72 Accommodation and food services 35,012 41,922,059 11,469,998 746,214
81Other services (except publicadministration)
35,597 20,757,039 5,173,744 201,687
FloridaEconomicCensus
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NAICS Florida USA California Texas
Totalretailsales+food/drinking 44-45,722 282,927,546,331 4,320,920,742,646 519,572,073,157 336,509,063,793
Motorvehicleandpartsdealers 441 49,908,406,483 703,511,935,022 79,125,875,864 66,231,557,539
Furnitureandhomefurnishings 442 7,424,677,717 92,649,944,076 11,009,358,117 8,291,026,027
Electronicsandappliances 442 5,973,194,649 101,450,980,762 17,064,914,678 7,243,647,853
Buildingandmaterialsupply 444 23,114,349,620 430,040,551,358 44,950,786,413 32,075,136,532Foodandbeveragestores 445 37,839,715,803 589,553,810,354 78,819,692,896 42,882,837,970
Healthandpersonalcare 446 18,572,005,794 255,812,926,261 28,482,620,513 14,208,151,727
asolineservicestaGons 447 20,662,545,990 372,451,959,761 36,327,056,107 29,685,640,093
Clothingandclothingaccessories 448 16,305,949,201 210,533,954,944 28,033,491,887 15,502,637,997
SporGnggoods,hobby,book,music 451 5,206,227,086 87,342,936,634 11,049,429,616 6,807,851,088
eneralmerchandise 452 38,552,610,127 597,751,983,024 71,850,611,971 48,757,278,196
Miscellaneousstores 453 7,036,659,455 114,231,811,058 13,002,473,192 8,119,529,235
Non-storeretailers 454 19,656,138,809 306,903,995,627 39,262,789,748 21,972,486,877
Foodservices&drinkingplaces 722 32,675,065,597 458,683,953,765 60,592,972,155 34,731,282,659
www.census.gov/nielson
FloridaRetailSalesBenchmark(2010)
ains in Home Values add to Consumer Spending
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ainsinHomeValuesaddtoConsumerSpending
Florida Tourism
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FloridaTourism
www,Visi>lorida.com
2012 Increase Q12013 Increase
Total 91,400,000 4.6% 26,200,000 5.7%Air 46,500,000 1.7% 13,700,000 4.5%
Non-Air 44,900,000 7.7% 12,500,000 7.0%
Air 50.9% 52.3%
Non-Air 49.1% 47.7%
DomesGc 77,600,000 21,800,000 4.0%
Overseas 10,200,000 2,700,000 11.3%
Canada 3,600,000 1,500,000 3.9%
Spending $71,800,000,000 6.8%
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OverviewofFloridaEconomics
aryM.Ralston,CCIM,SIOR,CPM,CRE,CLSColdwellBankerCommercialSaundersRalstonDantzlerRealty