📈 Monday Market Update #MMU | December 30, 2024 🏢✨
December 30, 2024: Inflation Trends, Florida’s Growth Milestone, and Podcast Milestones
As we prepare to welcome 2025, there are exciting developments on the national, local, and office fronts that offer valuable insights for the commercial real estate (CRE) market. From slowing inflation to Florida’s record population growth and a significant milestone for Amy Calandrino’s Performance Mindset Podcast, let’s dive into this week’s highlights.
National Spotlight: Inflation Slows in November
The latest Personal Consumption Expenditures (PCE) report shows inflation eased to 3.0% year-over-year in November, as reported by CNBC. This marks a continued slowdown in price increases, offering hope for businesses and consumers alike. The Federal Reserve’s preferred inflation gauge indicates that the U.S. economy may be heading toward greater stability.
Implications for Commercial Real Estate
Lower inflation is a promising sign for the CRE sector. Stabilizing prices can make it easier for businesses to plan and budget, while reduced inflationary pressures may eventually lead to lower interest rates—critical for real estate financing.
For investors and property owners, this trend encourages strategic planning. Sectors like multifamily and industrial, which have remained resilient, may continue to attract strong demand. Meanwhile, retail and office spaces could benefit from the improved predictability in operational costs.
Key Takeaway: Slowing inflation offers a more favorable environment for CRE, but vigilance is necessary as economic uncertainties persist.
Local Spotlight: Florida Tops 23.3 Million Residents
Florida’s population has surged to over 23.3 million residents, solidifying its position as one of the fastest-growing states in the U.S., according to the Orlando Business Journal. This milestone reflects sustained migration to the state, driven by its favorable tax policies, warm climate, and robust economic opportunities.
Impact on Orlando’s CRE Market
Florida’s record-breaking population growth is a boon for the state’s commercial real estate market. Orlando, as one of the state’s major metropolitan areas, is experiencing increased demand for residential, retail, and office spaces. The influx of residents creates opportunities for developers, investors, and property owners to cater to growing needs, from housing to infrastructure and beyond.
For CRE professionals in Orlando, this trend highlights the importance of focusing on high-demand areas, particularly those that offer mixed-use developments or proximity to transportation hubs and amenities.
Key Takeaway: Florida’s population growth is driving demand across all CRE sectors, making it a pivotal time for strategic investments and developments in Orlando.
In the Office: Performance Mindset Podcast Hits the Top 5% Globally
Amy Calandrino’s Performance Mindset Podcast has achieved a major milestone, ranking in the top 5% of podcasts globally! The podcast, which features inspiring conversations with leaders in commercial real estate and beyond, is also unveiling a fresh new look to celebrate its success. You can see the updated branding and explore episodes at Performance Mindset Podcast.
What’s Next for the Podcast?
Starting in 2025, the podcast will increase to a weekly cadence, bringing even more value-packed content to listeners. This move reflects the podcast’s growing audience and Amy’s commitment to delivering actionable insights to help professionals excel.
Personal Note from Amy: “Reaching the top 5% globally is an incredible honor. The Performance Mindset Podcast has been a labor of love, and I’m thrilled to see it resonate with so many listeners. As we step into 2025, I’m excited to share even more inspiring conversations and practical advice to help you thrive.”
If you have suggestions for future topics or guests, we’d love to hear from you!
Final Thoughts
This week’s updates underscore the opportunities and optimism shaping the commercial real estate market. From national economic trends to local population growth and personal milestones, there’s much to celebrate and prepare for as we enter the new year.
Wishing everyone a safe and joyful New Year! For more insights or to discuss your 2025 goals, connect with us at Beyond Commercial.
Make it a great week and an inspiring start to the year!
- Amy Calandrino, CEO of Beyond Commercial