NCAA Football Conference Webinar

October 2014

Auction.com Research

Pac-12 Conference

Pac-12 Region Economy and Demographics*

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Pac-12 Region in Good Shape Pac-12 Region Has Recovered All Jobs Lost in Recent Recession, Achieving New Highs

Pac-12 Region Job Count Up 2.5% Over Past Year

Regional Population Growth Outpacing US

Sources: Census Bureau, BLS, Maximus Advisors *Pac-12 region defined as: AZ,CA,CO,NV,OR,UT,WA

Pac-12: Underrated

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Denver  

Job Count is Getting Higher than its Residents

High Times for Denver’s Hotel Market Following Legalization…

…And CRE Vacancies Will Descend Across the Board

Sources: BLS, STR, Reis, Maximus Advisors forecasts

Pac-12: Underrated

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Seattle

Seattle Payrolls Flying High as a Kite

Seattle Massively Increasing Hotel Supply to Accommodate Smokin’ Hot Influx of Tourists…

While Local Population is Growing 2.5 Times Faster Than US

Sources: BLS, STR, Census Bureau, Reis, Maximus Advisors forecasts

Pac-12: Overrated

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Bay Area Retail  

Bay Area Retail Vacancies Still Near Their Peak

Bay Area Retail Valuations Will Remain Flat Through 2018

Sources: Census Bureau, Reis, Maximus Advisors forecasts

Pac-12: Bold Prediction

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San Jose  

San Jose’s Economy Lacks Diversity; 43% of its Economy is Tech-Related vs. 24% for

US

San Jose’s Economy Is Vulnerable to a Tech Slowdown, Which May Be in its

Infancy

Sources: BLS, Maximus Advisors

Pac-12: Cellar Dweller

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Salt Lake City

Salt Lake City Retail and Multifamily Vacancies Heading Nowhere

CRE Valuations in Salt Lake City Will Remain Quiet Through 2018

Sources: Reis, Maximus Advisors forecasts

Big 12 Conference

Big 12 Region Economy and Demographics*

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In Big 12 vs. US Match-Up, Big 12 Comes Out on Top

Big 12 Region Job Count at New Highs Job Growth Nearly Double US Pace

Regional Population Growth as Strong as the Sooners

Sources: Census Bureau, BLS, Maximus Advisors *Big 12 region defined as: KS,OK,TX

Big 12: Underrated

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Fort Worth Office Fort Worth Office Employment Leap-

Frogging to New Peaks…

Sources: BLS, Reis, Maximus Advisors forecasts

…Which Has Already Helped the Office Market Recovery

Vacancies Will Approach 10% by 2018

Big 12: Overrated

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Austin Apartment Austin Seems to be Hooked

on Overbuilding Austin Apartment Vacancies Heading North

Due to Massive New Supply Additions

Sources: BLS, Reis, Maximus Advisors forecasts

Apartment Vacancies Already on the Rise, Will Plateau Near 7%

Big 12: Bold Prediction

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Texas Retail

State Population Growth More Than Double the US Pace Texas Job Count Soaring

Sources: BLS, Census Bureau, Maximus Advisors

Big 12: Bold Prediction

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Texas Retail

Texas Retail Valuations Should All Rise to New Heights

Major Texas Metros Will See Retail Vacancies Descend Through 2018

Sources: Reis, Maximus Advisors forecasts

Big 12: Cellar Dweller

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Kansas City

Kansas City’s Population Growth Has Slowed

Kansas City Payrolls Still Below Pre-Recession Peak

Sources: BLS, Census Bureau, Maximus Advisors forecasts

Big 12: Cellar Dweller

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Kansas City Apartment & Retail Kansas City Retail Market Will Remain

Quiet Through 2018 Kansas City Apartment Vacancies Will

Plateau Around 5%

Sources: Reis, Maximus Advisors forecasts

We Expect Both Retail and Apartment Valuations to Remain Flat

Coming Up…

Peter  Muoio,  Ph.D.  646-­‐352-­‐9510  pmuoio@auc<on.com    

For  our  latest  insights  follow  us  at:  www.auc4on.com/blog  Twi9er:  @MaxRockResearch  Facebook:    MaxRockResearch  Linkedin:  Maximus  Advisors    www.auc4on.com