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Gulfport / Biloxi, Mississippi

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Latter & Blum

 Market Overview
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Market Research
 
Population   Employment
Total Est. 2004 382,953   Total Est. 2004 156,117
Est. Growth Rate - 2009 6.3%   Office Using Index 0.63
Income Index 0.81   Health Services Index 0.94
Affordability Index 1.28   Government Index 1.20
Education Index 0.96   Retail Services Index 0.96
Age Index 0.99   Wholesale Index 0.63
(Rent/square foot/year) Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) N/A N/A N/A N/A N/A
Class A (Primary) $ 14.00 $ 16.50 $ 14.75 7.0% N/A
Class B (Secondary) $ 9.00 $ 12.00 $ 11.00 12.0% N/A
N/A N/A N/A N/A N/A
Suburban Office
New Construction (AAA) N/A N/A N/A N/A N/A
Class A (Prime) $ 15.50 $ 22.00 $ 16.00 6.0% N/A
Class B (Secondary) $ 12.00 $ 17.00 $ 14.00 5.0% N/A
N/A N/A N/A N/A N/A
 
Industrial
Bulk Warehouse $ 2.75 $ 4.00 $ 3.50 3.0% N/A
Manufacturing $ 2.75 $ 4.00 $ 3.50 7.0% N/A
High Tech / R&D N/A N/A N/A N/A N/A
 
Industrial
Downtown $ 8.00 $ 12.00 $ 10.00 15.0% N/A
Neigborhood Service Centers $ 11.00 $ 14.00 $ 12.50 5.0% N/A
Community Power Center $ 14.00 $ 28.00 $ 16.00 6.0% N/A
Regional Malls $ 20.00 $ 25.00 $ 22.50 5.0% N/A
Solus Food Stores $ 4.00 $ 15.00 $ 8.50 10.0% N/A

Development Land Low () High ()
Office in CBD () $ 5 $ 8
In Office Park $ 63,340 $ 150,000
In Industrial Park $ 30,000 $ 85,000
Office/Industrial - Non-park $ 87,120 $ 174,240
Retail/Commercial $ 130,680 $ 522,720
Residential $ 10,000 $ 50,000
 
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