Monday Market Update – September 9th, 2024

From the Desk of Amy Calandrino at Beyond Commercial

In-House News:
Exciting developments at the Calandrino Foundation—our non-profit homepage is now live! Stay tuned for more updates and the launch of the 2025 Aspiring Entrepreneurs program. Check it out at [Calandrino Foundation](http://calandrinofoundation.org).

Local Spotlight:  
Orlando’s tourism sector continues to be a powerhouse, contributing a staggering $92.5 billion to the local economy in 2023, marking a 5.6% increase from the previous year. This growth fuels demand for commercial real estate as more businesses capitalize on the influx of visitors. Dive deeper into these insights [here](https://www.bizjournals.com/orlando/news/2024/08/23/visit-orlando-tourism-economic-impact.html).

National Update: 
The U.S. labor market shows mixed signals: the national unemployment rate ticked up slightly to 4.3% in July, even as sectors like healthcare and construction added jobs. This nuanced landscape offers both challenges and opportunities for commercial real estate investors looking at workforce trends. For a detailed analysis, visit [Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf).

Stay tuned for further updates on these developments and how they might influence your commercial real estate decisions. For more immediate insights and personal consultations, feel free to [contact us](http://beyondcommercial.com).