It's easy to get down these days. With the economy being so tough and stock market volatile at best it's hard to tell if American is on the cusp of greatness or despair.
I was reading the monthly publication, Commercial Investment Real Estate, and there is was, a glimmer of hope buried in the mix of big deals and market trends. In a survey sourced from MarketWatch, Birmingham, Alabama, made the top ten list of MSA's based on large and small companies per capita, unemployment, population, and job growth. At number nine we joined the group of Minneapolis-St. Paul (1), Denver (2), Richmond, Va. (3), Boston (4), Charlotte, NC (5), Nashville, Tenn. (6), Washington D.C. (7), New York (8), and San Fran. (10).
Just FYI the worst fifty MSA's may surprise you. They are, New Orleans (50), Rochester, NY (49), Tucson (48), Buffalo (47), Sacramento (46), Los Angeles (45), Detroit (44), San Antonio (43), Virginia Beach-Norfolk, Va. (42), Las Vegas (41).
As for population I find it hard for us to beat out Atlanta, New York, Chicago and the like. There fore, it must be the other attributes surveyed that keep us competitive, number of businesses, unemployment and job growth.
I've always felt like Birmingham is a great place to do business -- especially starting a small business. As have conduct my work, I get to know many businesspeople. They seem to be able to navigate the market in a manner that is congruent to the American Dream of entrepreneurship. Also we can thank most of our area governments for supporting business growth.
This ought to keep Birmingham as a desirable market to buy, sell, and use real estate.
Wednesday, March 12, 2008
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