And the winner is . . . Houston. The Big H grabbed the First Place prize in Cassidy Turley’s measure of how employment is shaping up. In fact, year over year, February to February, Houston added 112.050 jobs.
What exactly this means for our industry is clear, say the researchers of Cassidy Turley: “For every 100,000 new office-using jobs created, vacancy typically falls by 60 basis points six months later.” So while CRE might lag behind the economy in that sense, the improvement is inevitable.
Houston beat out New York City, which added 94,900 jobs in that 12-month period, and Los Angeles with its 82,000 new non-farm workers. Rounding out the top five were Dallas at 69,800 new jobs and Atlanta, with 56,450.
Read more...The Top 10 Cities for Job Growth - Daily News Article - GlobeSt.com