MARKETS & TRENDS
STABILITY
View of Denver Colorado Skyline. –Cheeseman Park
Long-Term Thinking MARKETS WITH RELATIVE STABILITY IS A GOOD STARTING POINT
by Ingo Winzer
PERCENT OF VULNERABLE JOBS
t’s now pretty clear that the pandemic will be with us for a while. A vaccine and new drug treatments
I
probably won’t get us back to ‘normal.’ (40 years later there still is no vaccine for the HIV virus.) So, we’ll oper - ate our lives and businesses differently, creating long- term economic disruptions. As always, some markets will be more disrupted than others. Which ones will be the least affected? We can get some idea by looking at the job structure of local econo - mies. Those with a lot of jobs in people-intensive activities (like tourism) or sectors that will have long-term financial problems (local governments, hospitals, colleges) will face the biggest challenges. Here’s a list of markets with the best long-term prospects because they have the least number of such vulnerable jobs. We’re still at the start of these disruptions—and they aren’t the only things that will determine future economic growth—but relative economic stability is a good starting point. Our Investors Metro Monitor shows you the risks and opportunities in 200 local real estate markets at www. LocalMarketMonitor.com. Now with zip code rent data. •
0%
Denver, CO (pictured)
2%
Wilmington, DE
2%
Atlanta, GA
2%
Richmond, VA
2%
Phoenix, AZ
3%
Omaha, NE
3%
San Francisco, CA
3%
Raleigh, NC
3%
Memphis, TN
3%
Dallas, T
LOCAL MARKET MONITOR, CARY NC
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