Documente Academic
Documente Profesional
Documente Cultură
of
Florida:
Economics
Gary
Ralston
CBC
Saunders
Ralston
Dantzler
Realty
Lending
Brian
Bailey
Federal
Reserve
Bank
of
Atlanta
Suzanne
MulVee
PPR/CoStar
Gary
Ralston
Gary
Ralston
Gary
M.
Ralston,
CCIM,
SIOR,
SRS,
CPM,
CRE,
CLS,
is
a
managing
partner
of
Coldwell
Banker
Commercial
Saunders
Ralston
Dantzler
Realty,
LLC
the
premier
commercial
services
provider
in
Central
Florida
(Polk
County).
He
is
a
recognized
subject
ma`er
expert
on
retail
and
commercial
properGes.
He
also
serves
as
a
principal
of
a
retail
build-to-suit
development
and
investment
company.
From
the
early
1990s
through
2004
Gary
was
the
president
and
a
member
of
the
board
of
directors
of
Commercial
Net
Lease
Realty,
Inc.
(NYSE:NNN)
the
industry
leader
in
single-tenant
corporate
net-
leased
real
estate.
During
that
Gme
he
guided
the
company's
growth
from
less
than
$15
million
in
real
estate
assets
to
over
$1.5
billion.
Gary
holds
the
CerGed
Commercial
Investment
Member
(CCIM),
Society
of
Industrial
and
Oce
Realtors
(SIOR),
Specialist
in
Real
Estate
SecuriGes
(SRS),
CerGed
Property
Manager
(CPM),
Counselor
of
Real
Estate
(CRE)
and
CerGed
Leasing
Specialist
(CLS)
designaGons
and
is
also
a
Florida
licensed
real
estate
broker
and
cerGed
building
contractor.
Gary
is
a
senior
instructor
for
the
CCIM
InsGtute
and
a
member
of
the
board
of
directors
of
the
CCIM
InsGtute
and
CCIM
Technologies,
Inc.
He
is
a
full
member
of
the
Urban
Land
InsGtute
(ULI),
a
member
of
the
InternaGonal
Council
of
Shopping
Centers
(ICSC)
and
an
instructor
for
ICSC
RECon
Academy.
Gary
holds
a
Masters
in
Real
Estate
and
ConstrucGon
Management
from
the
University
of
Denver.
In
2007
he
was
named
an
adjunct
faculty
member
at
the
University
of
Denver,
in
2011
he
was
named
an
adjunct
faculty
member
at
Florida
Southern
College
and
in
2013
Gary
was
named
an
adjunct
faculty
member
at
the
University
of
Florida.
He
is
the
co-chair
of
the
Florida
Southern
College
real
estate
conference.
Gary
was
inducted
as
a
Hoyt
Fellow
(www.hoyt.org)
in
2001.
He
is
a
member
of
the
Regional
Economic
InformaGon
Network
of
the
Jacksonville
Branch
of
the
Federal
Reserve
Bank
of
Atlanta.
Gary
is
recognized
as
the
second
most
accredited
real
estate
professional
in
the
NaGon.
Brian
Bailey
Gary
Ralston
Brian
Bailey
is
the
Senior
Financial
Policy
Analyst
in
the
Supervision
and
RegulaGon
Division
of
the
Federal
Reserve
Bank
of
Atlanta.
Brian
is
a
recognized
Federal
Reserve
System
expert
responsible
for
thought
leadership
in
commercial
real
estate
and
providing
guidance
on
valuaGon
issues.
Brian
has
extensive
experience
with
commercial
real
estate
valuaGon,
transacGon,
development,
stress
tesGng
and
nancial
issues.
Brians
experience
spans
both
the
public
and
private
sectors.
Prior
to
joining
the
Federal
Reserve
Bank
of
Atlanta,
Brian
was
employed
by
the
private
equity
rm
Tavistock
Group
as
Senior
Finance
and
AcquisiGons
Manager
in
real
estate.
Before
joining
Tavistock,
Brian
was
the
Director
of
Real
Estate
Finance
for
Flagler
Development
Group,
Floridas
largest
commercial
real
estate
developer.
Brians
experience
includes
working
for
Ernst
&
Young
LLP,
where
he
was
an
execuGve.
Brian
managed
mulGple
engagements
for
both
private
and
public
sector
clients.
His
advisory
experience
includes
asset
acquisiGon/disposiGon,
transacGon
due
diligence,
valuaGon,
feasibility
and
market
studies,
loan
due
diligence,
reviewing
leases
and
cash
ow
modeling.
Prior
to
joining
E&Y,
Brian
founded
and
operated
an
industrial
development
company
that
specialized
in
the
acquisiGon,
development,
and
refurbishment
of
industrial
and
oce
properGes.
Prior
to
that,
Brian
got
his
start
in
commercial
real
estate
as
a
local
market
appraiser.
Aier
receiving
a
Bachelor
of
Arts
in
Business
AdministraGon
from
Mercer
University,
Brian
earned
an
MBA
degree
with
concentraGons
in
Real
Estate
and
Finance
from
the
University
of
Florida.
He
also
a`ained
the
CCIM
designaGon.
Suzanne
Mulvee
Gary Ralston
Suzanne
Mulvee,
CFA,
designs
strategies
for
invesGng
across
the
U.S.
apartment,
oce,
retail,
and
warehouse
property
markets.
She
works
to
customize
PPRs
core
research
to
suit
specic
investment
criteria
and
helps
clients
to
communicate
porkolio
performance
and
forward-looking
strategies
to
stakeholders.
Mulvee
specializes
in
research
and
forecasGng
of
the
performance
of
retail
assets
across
the
United
States.
Since
joining
PPR,
she
has
wri`en
a
handful
of
white
papers
and
numerous
arGcles
for
publicaGons,
including
Commercial
Investment
Real
Estate,
MBA
Newslink,
CMBS
World,
and
NCREIFs
Real
Estate
Performance
Report.
She
is
oien
cited
in
industry
news
journals
as
well
as
naGonal
media,
including
the
Wall
Street
Journal,
New
York
Times,
CNBC,
NPR,
and
MSNBC,
for
opinions
on
real
estate
investment
performance.
Before
joining
PPR,
she
analyzed
real
estate
investment
opportuniGes
for
a
local
brokerage
rm,
consulted
on
commercial
real
estate
purchases,
and
worked
as
a
credit
analyst
in
commercial
banks
in
San
Diego
and
Greater
Boston.
Mulvee
earned
a
B.A.
cum
laude
in
Financial
and
Managerial
Economics
from
the
University
of
New
Hampshire,
where
she
was
recognized
as
one
of
the
Universitys
presGgious
PresidenGal
Scholars.
She
holds
the
CFA
designaGon
and
is
a
member
of
ICSC
(Elected
Member
of
North
American
Research
Council),
CRE
Finance
Council
(Research
Commi`ee),
NAIOP
(NaGonal
Directors
MeeGng
Research
Council),
Boston
Security
Analysts
Society,
and
Urban
Land
InsGtute.
Census
Facts
Florida
Population, 2012 estimate
USA
19,317,568
313,914,040
158,324
1,588,698
0.83%
0.52%
5.5%
6.4%
20.7%
23.5%
18.2%
13.7%
16.6%
13.1%
2.7%
5.1%
23.2%
16.9%
19.2%
12.8%
27.0%
20.3%
85.5%
85.4%
26.0%
28.2%
25.7
25.4
Census
Facts
Florida
Population, 2012 estimate
USA
19,317,568
313,914,040
158,324
1,588,698
0.83%
0.52%
5.5%
6.4%
20.7%
23.5%
18.2%
13.7%
16.6%
13.1%
2.7%
5.1%
23.2%
16.9%
19.2%
12.8%
27.0%
20.3%
85.5%
85.4%
26.0%
28.2%
25.7
25.4
h"p://www.bebr.u.edu/
Census
Facts
Florida
Population, 2012 estimate
USA
19,317,568
313,914,040
158,324
1,588,698
0.83%
0.52%
5.5%
6.4%
20.7%
23.5%
18.2%
13.7%
16.6%
13.1%
2.7%
5.1%
23.2%
16.9%
19.2%
12.8%
27.0%
20.3%
85.5%
85.4%
26.0%
28.2%
25.7
25.4
Census
Facts
Florida
Population, 2012 estimate
USA
19,317,568
313,914,040
158,324
1,588,698
0.83%
0.52%
5.5%
6.4%
20.7%
23.5%
18.2%
13.7%
16.6%
13.1%
2.7%
5.1%
23.2%
16.9%
19.2%
12.8%
27.0%
20.3%
85.5%
85.4%
26.0%
28.2%
25.7
25.4
Census
Facts
Florida
Population, 2012 estimate
USA
19,317,568
313,914,040
158,324
1,588,698
0.83%
0.52%
5.5%
6.4%
20.7%
23.5%
18.2%
13.7%
16.6%
13.1%
2.7%
5.1%
23.2%
16.9%
19.2%
12.8%
27.0%
20.3%
85.5%
85.4%
26.0%
28.2%
25.7
25.4
Census
Facts
Florida
Population, 2012 estimate
USA
19,317,568
313,914,040
158,324
1,588,698
0.83%
0.52%
5.5%
6.4%
20.7%
23.5%
18.2%
13.7%
16.6%
13.1%
2.7%
5.1%
23.2%
16.9%
19.2%
12.8%
27.0%
20.3%
85.5%
85.4%
26.0%
28.2%
25.7
25.4
Census
Facts
Florida
Population, 2012 estimate
USA
19,317,568
313,914,040
158,324
1,588,698
0.83%
0.52%
5.5%
6.4%
20.7%
23.5%
18.2%
13.7%
16.6%
13.1%
2.7%
5.1%
23.2%
16.9%
19.2%
12.8%
27.0%
20.3%
85.5%
85.4%
26.0%
28.2%
25.7
25.4
Census
Facts
Florida
Population, 2012 estimate
USA
19,317,568
313,914,040
158,324
1,588,698
0.83%
0.52%
5.5%
6.4%
20.7%
23.5%
18.2%
13.7%
16.6%
13.1%
2.7%
5.1%
23.2%
16.9%
19.2%
12.8%
27.0%
20.3%
85.5%
85.4%
26.0%
28.2%
25.7
25.4
Household
Facts
Florida
USA
83.5%
84.6%
9,026,965
132,312,404
69.0%
66.1%
29.9%
25.9%
$188,600
$186,200
Households, 2007-2011
7,140,096
114,761,359
2.56
2.60
1.26
1.15
64,810
829,658
$26,733
$27,915
$47,827
$52,762
262,341,127 3,917,663,456
$14,353
$12,990
41,922,059
613,795,732
Household
Facts
Florida
USA
83.5%
84.6%
9,026,965
132,312,404
69.0%
66.1%
29.9%
25.9%
$188,600
$186,200
Households, 2007-2011
7,140,096
114,761,359
2.56
2.60
1.26
1.15
64,810
829,658
$26,733
$27,915
$47,827
$52,762
262,341,127 3,917,663,456
$14,353
$12,990
41,922,059
613,795,732
Household
Facts
Florida
USA
83.5%
84.6%
9,026,965
132,312,404
69.0%
66.1%
29.9%
25.9%
$188,600
$186,200
Households, 2007-2011
7,140,096
114,761,359
2.56
2.60
1.26
1.15
64,810
829,658
$26,733
$27,915
$47,827
$52,762
262,341,127 3,917,663,456
$14,353
$12,990
41,922,059
613,795,732
Household
Facts
Florida
USA
83.5%
84.6%
9,026,965
132,312,404
69.0%
66.1%
29.9%
25.9%
$188,600
$186,200
Households, 2007-2011
7,140,096
114,761,359
2.56
2.60
1.26
1.15
64,810
829,658
$26,733
$27,915
$47,827
$52,762
262,341,127 3,917,663,456
$14,353
$12,990
41,922,059
613,795,732
Household
Facts
Florida
USA
83.5%
84.6%
9,026,965
132,312,404
69.0%
66.1%
29.9%
25.9%
$188,600
$186,200
Households, 2007-2011
7,140,096
114,761,359
2.56
2.60
1.26
1.15
64,810
829,658
$26,733
$27,915
$47,827
$52,762
262,341,127 3,917,663,456
$14,353
$12,990
41,922,059
613,795,732
Household
Facts
Florida
USA
83.5%
84.6%
9,026,965
132,312,404
69.0%
66.1%
29.9%
25.9%
$188,600
$186,200
Households, 2007-2011
7,140,096
114,761,359
2.56
2.60
1.26
1.15
64,810
829,658
$26,733
$27,915
$47,827
$52,762
262,341,127 3,917,663,456
$14,353
$12,990
41,922,059
613,795,732
h`p://quickfacts.census.gov/qfd/index.html
Florida
Employment
12
month
change
Jun-13
9,416,400
8,751,400
665,100
7.1%
Total
Nonfarm
Mining
and
Logging
ConstrucGon
Manufacturing
Trade,
TransportaGon,
and
UGliGes
InformaGon
Financial
AcGviGes
Professional
&
Business
Services
EducaGon
&
Health
Services
Leisure
&
Hospitality
Other
Services
Government
7,521,900
5,700
351,900
313,200
1,577,200
135,300
506,100
1,088,400
1,132,000
1,019,500
315,300
1,077,300
1.7%
0.0%
3.6%
-1.0%
2.6%
1.3%
1.6%
2.0%
2.1%
2.3%
0.4%
-0.1%
h"p://www.bls.gov/
Florida
Employment
12
month
change
Jun-13
9,416,400
8,751,400
665,100
7.1%
Total
Nonfarm
Mining
and
Logging
ConstrucGon
Manufacturing
Trade,
TransportaGon,
and
UGliGes
InformaGon
Financial
AcGviGes
Professional
&
Business
Services
EducaGon
&
Health
Services
Leisure
&
Hospitality
Other
Services
Government
7,521,900
5,700
351,900
313,200
1,577,200
135,300
506,100
1,088,400
1,132,000
1,019,500
315,300
1,077,300
1.7%
0.0%
3.6%
-1.0%
2.6%
1.3%
1.6%
2.0%
2.1%
2.3%
0.4%
-0.1%
h"p://www.bls.gov/
8,064,700
Jun 2013
7,521,900
Dec 2009
7,142,100
h"p://www.bls.gov/
Florida
Employment
12
month
change
Jun-13
9,416,400
8,751,400
665,100
7.1%
Total
Nonfarm
Mining
and
Logging
ConstrucGon
Manufacturing
Trade,
TransportaGon,
and
UGliGes
InformaGon
Financial
AcGviGes
Professional
&
Business
Services
EducaGon
&
Health
Services
Leisure
&
Hospitality
Other
Services
Government
7,521,900
5,700
351,900
313,200
1,577,200
135,300
506,100
1,088,400
1,132,000
1,019,500
315,300
1,077,300
1.7%
0.0%
3.6%
-1.0%
2.6%
1.3%
1.6%
2.0%
2.1%
2.3%
0.4%
-0.1%
h"p://www.bls.gov/
Florida
Employment
12
month
change
Jun-13
9,416,400
8,751,400
665,100
7.1%
Total
Nonfarm
Mining
and
Logging
ConstrucGon
Manufacturing
Trade,
TransportaGon,
and
UGliGes
InformaGon
Financial
AcGviGes
Professional
&
Business
Services
EducaGon
&
Health
Services
Leisure
&
Hospitality
Other
Services
Government
7,521,900
5,700
351,900
313,200
1,577,200
135,300
506,100
1,088,400
1,132,000
1,019,500
315,300
1,077,300
1.7%
0.0%
3.6%
-1.0%
2.6%
1.3%
1.6%
2.0%
2.1%
2.3%
0.4%
-0.1%
h"p://www.bls.gov/
Florida
Employment
12
month
change
Jun-13
9,416,400
8,751,400
665,100
7.1%
Total
Nonfarm
Mining
and
Logging
ConstrucGon
Manufacturing
Trade,
TransportaGon,
and
UGliGes
InformaGon
Financial
AcGviGes
Professional
&
Business
Services
EducaGon
&
Health
Services
Leisure
&
Hospitality
Other
Services
Government
7,521,900
5,700
351,900
313,200
1,577,200
135,300
506,100
1,088,400
1,132,000
1,019,500
315,300
1,077,300
1.7%
0.0%
3.6%
-1.0%
2.6%
1.3%
1.6%
2.0%
2.1%
2.3%
0.4%
-0.1%
h"p://www.bls.gov/
USA
Jun-13
9,416,400
8,751,400
665,100
7.1%
%
Nonfarm
Total
Nonfarm
Mining
and
Logging
ConstrucGon
Manufacturing
Trade,
TransportaGon,
and
UGliGes
InformaGon
Financial
AcGviGes
Professional
&
Business
Services
EducaGon
&
Health
Services
Leisure
&
Hospitality
Other
Services
Government
h"p://www.bls.gov/
7,521,900
5,700
351,900
313,200
1,577,200
135,300
506,100
1,088,400
1,132,000
1,019,500
315,300
1,077,300
0.08%
4.68%
4.16%
20.97%
1.80%
6.73%
14.47%
15.05%
13.55%
4.19%
14.32%
Jul-13
155,798,000
144,285,000
11,514,000
7.4%
%
Nonfarm
136,038,000
875,000
0.64%
5,793,000
4.26%
11,975,000
8.80%
25,984,000
19.10%
2,700,000
1.98%
7,908,000
5.81%
18,586,000
13.66%
20,675,000
15.20%
14,209,000
10.44%
5,481,000
4.03%
21,852,000
16.06%
USA
Jun-13
9,416,400
8,751,400
665,100
7.1%
%
Nonfarm
Total
Nonfarm
Mining
and
Logging
ConstrucGon
Manufacturing
Trade,
TransportaGon,
and
UGliGes
InformaGon
Financial
AcGviGes
Professional
&
Business
Services
EducaGon
&
Health
Services
Leisure
&
Hospitality
Other
Services
Government
h"p://www.bls.gov/
7,521,900
5,700
351,900
313,200
1,577,200
135,300
506,100
1,088,400
1,132,000
1,019,500
315,300
1,077,300
0.08%
4.68%
4.16%
20.97%
1.80%
6.73%
14.47%
15.05%
13.55%
4.19%
14.32%
Jul-13
155,798,000
144,285,000
11,514,000
7.4%
%
Nonfarm
136,038,000
875,000
0.64%
5,793,000
4.26%
11,975,000
8.80%
25,984,000
19.10%
2,700,000
1.98%
7,908,000
5.81%
18,586,000
13.66%
20,675,000
15.20%
14,209,000
10.44%
5,481,000
4.03%
21,852,000
16.06%
USA
Jun-13
9,416,400
8,751,400
665,100
7.1%
%
Nonfarm
Total
Nonfarm
Mining
and
Logging
ConstrucGon
Manufacturing
Trade,
TransportaGon,
and
UGliGes
InformaGon
Financial
AcGviGes
Professional
&
Business
Services
EducaGon
&
Health
Services
Leisure
&
Hospitality
Other
Services
Government
h"p://www.bls.gov/
7,521,900
5,700
351,900
313,200
1,577,200
135,300
506,100
1,088,400
1,132,000
1,019,500
315,300
1,077,300
0.08%
4.68%
4.16%
20.97%
1.80%
6.73%
14.47%
15.05%
13.55%
4.19%
14.32%
Jul-13
155,798,000
144,285,000
11,514,000
7.4%
%
Nonfarm
136,038,000
875,000
0.64%
5,793,000
4.26%
11,975,000
8.80%
25,984,000
19.10%
2,700,000
1.98%
7,908,000
5.81%
18,586,000
13.66%
20,675,000
15.20%
14,209,000
10.44%
5,481,000
4.03%
21,852,000
16.06%
USA
Jun-13
9,416,400
8,751,400
665,100
7.1%
%
Nonfarm
Total
Nonfarm
Mining
and
Logging
ConstrucGon
Manufacturing
Trade,
TransportaGon,
and
UGliGes
InformaGon
Financial
AcGviGes
Professional
&
Business
Services
EducaGon
&
Health
Services
Leisure
&
Hospitality
Other
Services
Government
h"p://www.bls.gov/
7,521,900
5,700
351,900
313,200
1,577,200
135,300
506,100
1,088,400
1,132,000
1,019,500
315,300
1,077,300
0.08%
4.68%
4.16%
20.97%
1.80%
6.73%
14.47%
15.05%
13.55%
4.19%
14.32%
Jul-13
155,798,000
144,285,000
11,514,000
7.4%
%
Nonfarm
136,038,000
875,000
0.64%
5,793,000
4.26%
11,975,000
8.80%
25,984,000
19.10%
2,700,000
1.98%
7,908,000
5.81%
18,586,000
13.66%
20,675,000
15.20%
14,209,000
10.44%
5,481,000
4.03%
21,852,000
16.06%
USA
Jun-13
9,416,400
8,751,400
665,100
7.1%
%
Nonfarm
Total
Nonfarm
Mining
and
Logging
ConstrucGon
Manufacturing
Trade,
TransportaGon,
and
UGliGes
InformaGon
Financial
AcGviGes
Professional
&
Business
Services
EducaGon
&
Health
Services
Leisure
&
Hospitality
Other
Services
Government
h"p://www.bls.gov/
7,521,900
5,700
351,900
313,200
1,577,200
135,300
506,100
1,088,400
1,132,000
1,019,500
315,300
1,077,300
0.08%
4.68%
4.16%
20.97%
1.80%
6.73%
14.47%
15.05%
13.55%
4.19%
14.32%
Jul-13
155,798,000
144,285,000
11,514,000
7.4%
%
Nonfarm
136,038,000
875,000
0.64%
5,793,000
4.26%
11,975,000
8.80%
25,984,000
19.10%
2,700,000
1.98%
7,908,000
5.81%
18,586,000
13.66%
20,675,000
15.20%
14,209,000
10.44%
5,481,000
4.03%
21,852,000
16.06%
h?p://www.bls.gov/eag/
Description
Establishments
Sales (,000)
Payroll (,000)
EMPS
21
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
13,417
40,830,371
8,203,608
218,128
51
Information
8,296
9,662,863
175,382
52
34,389
21,520,038
371,543
53
33,653
32,235,384
6,094,222
170,859
54
69,263
61,990,032
24,395,359
430,211
55
2,597
3,733,030
9,101,529
127,414
56
33,581
69,478,065
41,744,535
1,412,695
61
Educational services
3,968
3,066,164
835,273
29,156
62
51,679
102,029,316
37,234,079
904,004
71
7,537
15,380,980
4,217,757
166,847
72
35,012
41,922,059
11,469,998
746,214
81
35,597
20,757,039
5,173,744
201,687
Florida
USA
California
Texas
44-45, 722
282,927,546,331
4,320,920,742,646
519,572,073,157
336,509,063,793
441
49,908,406,483
703,511,935,022
79,125,875,864
66,231,557,539
442
7,424,677,717
92,649,944,076
11,009,358,117
8,291,026,027
442
5,973,194,649
101,450,980,762
17,064,914,678
7,243,647,853
444
23,114,349,620
430,040,551,358
44,950,786,413
32,075,136,532
445
37,839,715,803
589,553,810,354
78,819,692,896
42,882,837,970
446
18,572,005,794
255,812,926,261
28,482,620,513
14,208,151,727
447
20,662,545,990
372,451,959,761
36,327,056,107
29,685,640,093
448
16,305,949,201
210,533,954,944
28,033,491,887
15,502,637,997
451
5,206,227,086
87,342,936,634
11,049,429,616
6,807,851,088
General merchandise
452
38,552,610,127
597,751,983,024
71,850,611,971
48,757,278,196
Miscellaneous stores
453
7,036,659,455
114,231,811,058
13,002,473,192
8,119,529,235
Non-store retailers
454
19,656,138,809
306,903,995,627
39,262,789,748
21,972,486,877
722
32,675,065,597
458,683,953,765
60,592,972,155
34,731,282,659
www.census.gov/nielson
Florida
Tourism
2012
Increase
Q1 2013
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%
3,600,000
1,500,000
3.9%
Canada
Spending
www,Visi>lorida.com
$71,800,000,000
6.8%