- September 22, 2016
- September 8, 2016
- August 18, 2016
Digested from “Employment Concentrations Can Help Predict Apartment Demand”
Axiometrics (8/12/15) Ehmann, Chuck
Job growth by sector can help apartment community developers determine where investment opportunities may lie or what industries factor into the health of a particular market.
For example, the mining and logging sector is a key employer in cities such as Lafayette, Louisiana, Casper, Wyoming, and Thibodaux, Louisiana, which each experienced job growth at least 10 times the national average for that industry in June 2015. Areas with heavy tourism, such as Kahului, Hawaii, Atlantic City, New Jersey, and Las Vegas, experienced the greatest job growth in the leisure and hospitality segment. Information professionals tend to gravitate toward San Jose, Seattle and Provo-Orem, Utah, home to the headquarters of software provider Micro Focus (formerly Novell).
Developers can follow these patterns alongside the job gains data supplied by the U.S. Bureau of Labor Statistics to see what kind of growth these fields are experiencing each quarter. Such information may highlight potential investment opportunities.
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