Southeast growth powers real estate and economic dominance – The Property Chronicle
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Southeast growth powers real estate and economic dominance

The Analyst

Overwhelming evidence points to the growth of the Southeast region

CBRE’s recent US Development Opportunities 2021 report showed that, statistically, the region has been dominant and is forecast for continued growth over the next several years, with Atlanta, Orlando, Charlotte, Raleigh-Durham and Miami being near the top of most metrics.

Reports from moving companies have illustrated the same. A recent study of moves by United Van Lines showed that seven of the top 10 states for moves in 2020 are in the Southeast region. 

Although the major markets in the Southeast tend to get most of the headlines, the smaller cities are where growth is really taking off. Charlotte, Nashville, Jacksonville and Orlando are all finding rapid growth. Greenville, known for its diverse economy, is one of the nation’s fastest-growing cities. Since 2016, more than 84,000 people have relocated to Greenville-Spartanburg, 7% of the market’s total population. West Palm Beach has also gained attention, from both a booming single-family housing market to an office market that is statistically one of the hottest in the US.

“Leasing professionals have reported that rents in south Florida are increasing practically with each new lease transaction”

The Analyst

About Toby Jorgensen and Brandon Isner

Toby Jorgensen is an Associate Director of Research for CBRE, covering the Southeast region. Since moving to Atlanta in 2001, he has worked in commercial real estate research for almost 15 years, including seven years as an appraiser. He graduated from Georgia Southern University in 2000 with a degree in communications. Brandon Isner is an associate director at CBRE, operating as the thought leader and voice for CBRE research within Florida’s metro markets. With more than 15 years within the real estate world, Brandon Isner is responsible for planning, coordinating, and executing research projects, and providing data support for CBRE operations within Florida as the leader of market research and insights for the state.

Articles by Toby Jorgensen and Brandon Isner

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