In Q3 we explored our diversification scores in relation to real estate measures from Colliers International's Q3 U.S. Downtown Office Report. We found a strong relationship between the diversity of job listings in a Metropolitan Statistical Area (MSA) and its commercial real estate demand as measured by vacancy rate and absorption.
MOST DIVERSIFIED JOB MARKETS |
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MSA |
Q3 2018 SCORE | |||
1 Salt Lake City, UT | 47.1 | |||
2 Buffalo, NY | 46.5 | |||
3 Jacksonville, FL | 45.5 | |||
4 Raleigh, NC | 44.7 | |||
5 Austin, TX | 44.7 |
LEAST DIVERSIFIED
JOB MARKETS
|
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MSA |
Q3 2018 SCORE | |||
46 Cleveland, OH | 33.8 | |||
47 Atlanta, GA | 33.8 | |||
48 New York, NY | 33.3 | |||
49 Chicago, IL | 31.8 | |||
50 Detroit, MI | 28.7 |