We are living through times of economic uncertainly where our faith in all asset classes has been shaken. Traditional markets face significant headwinds making directional investment fraught with risk. Against this backdrop of volatility and heightened risk the KGP Properties seeks to offer investors an alternative option; one focused on producing consistent predictable gains irrespective of the direction of traditional financial markets.
The short-term forecast calls for an overall increase in the number of workers through year-end 2013. Total net absorption is forecasted to be a positive 6,457 units, out-pacing supply during the same period. By year-end 2013, the annualized vacancy rate is expected to be 2.5% while rents are forecasted to grow – reaching $1,181.03 compared to current market rents of $1,145.12.
Over the last five years, total employment in the Miami area has declined at an average annual rate of 0.8% while across the U.S., employment has declined at an average annual rate of 0.7%. In the last 4 quarters, Miami’s employment has grown at an average annual rate of 2.2%. Our forecast predicts growth of 2.0% in the Miami area in the next five years. Miami’s construction employment sector will post the best job performance over the next five years.
South Florida’s population has suddenly spurted after stagnating for a decade. The jump should send executives scurrying to leverage the unexpected shift.
South Florida’s population rose 1.7% last year. Miami-Dade’s alone grew even faster, 2.1%. Nobody saw it coming. The region’s growth was sixth-fastest in the US, according to the Census Bureau. The region didn’t crack the top 50 in growth pace from 2000 to 2010. The new figures should not only send businesses rushing to the planning table but are likely to lure outside investors, who tend to flock to fast-growing communities.
Total employment in the Miami is projected to grow by 124,800 jobs during the 2012-2017 period. During the same time period, new supply is expected to average 4,863 units, while net absorption is expected to average 4,833 units, lagging new supply. Vacancy rates are expected to improve to 3.4%, while rents are forecasted to rise to $1,298.53.
The program provides for conditional, two-year resident status to qualifying investors and their families who invest at least One Million Dollars (or $500,000 in designated target areas) in businesses which create at least ten full-time permanent jobs for American workers. Since TSG is located in a higher unemployment sector (known as a “TEA” or Targeted Employment Area) participation in the program only requires an investment of $500,000, plus costs. The conditional residence may be converted to permanent residence after two years, provided the investment and job-creation requirements of the program have been met. The EB-5 immigrant visa program offers the following advantages to the applicant who seeks to live and work in the US:
Please refer to this law firm for more info: Michael Wildes Partner at Wildes & Weinberg