E001: Building Commercial Real Estate Wealth Through Job Announcements | Economic Base Analysis Explained

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Recorded03 Apr 2023

Publisheranchor.fm ↗

Handlerec:12027086

Show notes

Want to invest in commercial real estate? Learn how to predict future demand with economic base analysis! In this podcast, Bo Barron, CCIM, shares the formula for quantifying the future demand of commercial real estate space using a real world job announcement as an example. His charmingly clueless little brother, Timmy Barron, ADHD, provides comic relief while asking the questions you wish you could ask. Together, they'll show you how to examine basic and non-basic jobs, population to employment ratios, and the economic base multiplier to make informed investment decisions and find lucrative deals every time. Tune in to this podcast to learn how to build commercial real estate wealth with economic base analysis in a way that's easy to understand. Don't miss the pop quiz at the end of each episode to see if you can beat Timmy's score! Perfect for commercial real estate investors, small business owners, and anyone interested in the field. 📒Show Notes📒 🎉Join the party, stay informed, access bonus content, the blog and more: tinyurl.com/CRE-Podcast-sign-up Subscribe and listen to Commercially Speaking Here: YT: @commerciallyspeaking Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking ⏰Time Code⏰ 00:00 - Intro 00:40 - Why A Job Announcement Is So Important 01:18 - 2 Types Of Jobs 02:46 - Basic Jobs 03:44 - Example Of A Basic Job 05:04 - How Money Circulates 06:19 - A Basic Job’s Multiplier Effect 07:37 - Non-Basic Jobs 08:01 - Economic Base Multiplier (EBM) 09:09 - How to Figure Out The EBM 09:46 - Economic Base Analysis (EBA) 11:22 - Bureau of Labor Statistics (BLS) 12:22 - The Whole Model 12:43 - Population To Employment Ratio 13:24 - Predicting Demand 14:27 - Apartment Developer 15:52 - Make Money 16:32 - Market The Land 16:54 - The Pipeline 18:55 - Multiplier In Reverse? 19:07 - Tech Company Lay-Offs 19:42 - Types Of Commercial Real Estate Space 20:11 - Quantifying Demand - Retail 20:54 - Quantifying Demand - Office 21:43 - Quantifying Demand - Office POST COVID 23:11 - New Market - Work From Home 24:27 - Figuring Out The Types Of Jobs 26:15 - The Blackhole That Is BLS 26:52 - ChatGPT 27:36 - Goldmine Opportunity (Real Example) 37:35 - Too Good To Be True? 40:40 - The Math Is The Math No Matter The City 41:32 - Pop Quiz! 45:35 - Outro ---- 📲 Connect with us: Subscribe to our Youtube: https://www.youtube.com/@commerciallyspeaking Follow us on Twitter: @comspeakpod & @bobarronccim Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking ---- Bo is the owner and operator of Barron Commercial Group in Owensboro, KY servicing the Western KY and surrounding markets. For all CRE inquiries visit http://www.barroncommercial.com Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron

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