| Working in a market such as Dayton, OH requires | | | | per square foot. Retail space is $2.30 to 3.00; Office is |
| business savvy and complete understanding of | | | | $7-12.00; Industrial runs the the entire spectrum. Office |
| demographics. For instants the difference between | | | | Parks include; Franklin, Heritage and South Tech |
| Ohio on the whole and the Greater Dayton Area | | | | Center all good for professional service businesses |
| MSA, which includes such county areas as: Butler, | | | | and small businesses. Industrial Parks are also plentiful |
| Clark, Darke, Greene, Miami, Montgomery, Preble and | | | | with Emery Logistics Park 265 acres in all. Lebanon |
| Warren. The demographics of Montgomery and Miami | | | | Commerce Center for 200 acres, Moraine Industrial |
| are excellent for an expanding company to put in a | | | | Center and Park center Industrial. Although |
| service type outlet. | | | | Manufacturing has declined drastically over the last |
| The population backdrop is somewhat similar to the | | | | decade the Industrial Parks have life. Downtown Office |
| entire state of OH. Ethnically speaking it is mostly white | | | | buildings include Kettering, Mead, First national, Reibold, |
| with Asian populations and Black Americans at about | | | | 5/3 Bank and the Key Bank Buildings. Over 3 million |
| 10% to 11%. In Montgomery County it is 19% Black | | | | square feet with a convention center right in the |
| American and only 10% in Clark County, but the middle | | | | middle. There is significant space underutilized and |
| class Black Americans are moving in and fixing the | | | | unoccupied. Close by Cincinnati has done what |
| diversity issues. There are quite a few people who | | | | academics think is unthinkable; |
| commute to work in Marysville at the Honda Plant and | | | | [ |
| Proving Grounds. Also a huge distribution center there | | | | But Austin TX also had a recent issue and fired |
| with many large carriers located and Rail Service by | | | | it’s area economic development recruitment |
| CSX and also huge numbers of Auto Haulers. About | | | | group too. |
| 13,000 at Honda work there. One of the reasons that | | | | We are seeing this in many areas were high-end |
| the Japanese wanted to have competing rail service | | | | $60-80K per year jobs have been lost. Although this |
| with their plant in San Antonio as part of the | | | | maybe an unfair comparison you can use this lesson |
| negotiations. So they could squeeze the price point out | | | | when you discuss new technological recruitment to |
| of the rail companies similar to Rockefeller’s | | | | derive jobs in cities of similar size. IN Dayton there are |
| exploits. One thing that is unbelievably nice about the | | | | issues with vacant properties looking run down and |
| area is the many colleges and Universities in the area, | | | | hurting the prospecting and retaining of lessees in other |
| 29 in all the biggest being University of Dayton with | | | | buildings which is said to lead to the decay and they |
| 10,000 enrolled, Wright University with 14,000 and | | | | have proposed a fee to take care of this. Some |
| Sinclair Community College with 22,000. This makes | | | | apartments also in the area are a drag on their |
| for a very good young and energetic group of people. | | | | owners and the area. |
| The clientele is equally as inviting with 202,000 | | | | All bad signs of urban flight and need of revitalization to |
| inhabitants between the ages of 25-34 not including | | | | bring people back to town from the out of town |
| the part-time college students. 35-44 representing | | | | suburban box stores. It can be done. Look at Brick City |
| nearly 250K pop and 45-54 at 215K. | | | | in OKC, River Walks in Columbus GA, and San |
| The population South of Town is expanding and we | | | | Antonio TX. Alexandria Boardwalk area and Torpedo |
| see Scarsborogh to Centerville with great markets | | | | Factory shops. Some of the surrounding suburbs |
| and everything in between is golden. The USAF also | | | | scare us more as many of these areas need an |
| has Wright Patterson AFB with excellent inflow to the | | | | uplifting too. In the other suburbs, which are newer they |
| economy even though much of that is deployed | | | | have grown the new style way with retail box stores |
| presently, still it impacts the city in an extremely positive | | | | and shopping centers. And with that office parks such |
| way. About 25,000 people work there and that is after | | | | as Wright Executive and Newmarks 5 office complex |
| the lay offs and discharges previously. They expect | | | | tech style parks in the area, which have done well and |
| with BRAC that they will be on the receiving end of | | | | are about 88% occupied now. Unemployment is 6.1% |
| additional attachments and squadrons serving in | | | | and I see a another couple of ticks on that before |
| Dayton as well as R and D since the colleges offer | | | | things are through since the manufacturing sector is |
| that level of researching. Also with the huge museum | | | | 18% while we know the US nationwide average is at |
| of flight and being the history of the inventing flight | | | | 13%. |
| makes it good also for tourism and positive PR for the | | | | About 148,000 are employed in services in the Greater |
| Military. Other large employers included Delphi but they | | | | Area which we had to double check as that seemed |
| have had significant labor lay offs and GM is a biggy | | | | high, but it is correct and Dayton has made a good |
| there. In health Care about 9000 workers. Airborne | | | | transition and better than most cities its size over the |
| Express and Emery Air freight also claim fame to the | | | | past decade. Service sector could grow some more |
| area. 7500 people work there and you may recall the | | | | there as things return to a normal economy. A |
| merger with DHL? The good weather of the region | | | | considerable amount of new jobs for the area are |
| provides Airborne a much better chance at this hub | | | | posted at and even with the adverse tax structure to |
| facility than in other parts of Michigan, IN, IL, NY, KY. | | | | businesses in OH things are doing better than their |
| The Seattle based company has brought many jobs | | | | neighboring states. |
| to the region. Emery has laid off people but at one | | | | One of the unfortunate situations has been truck |
| time employed over 3000 in the area. Emery has really | | | | manufacturing and in town were International Truck |
| worked hard to work with the Manufacturing industry | | | | Manufacturing which has seen steady declines and lay |
| and helped OH The just in time world of manufacturing | | | | offs. Also DuraMax laid off there. This effects Delphi |
| has to take into account rush situations for total | | | | too. Now realize OH is hostile to the trucking industry |
| capacity scheduling, leading that charge was it’s | | | | yet trucks, truck engines and truck parts are built there. |
| bay area parent company and they manufacturing | | | | A recent study showed that when cars and trucks |
| sector did rely on Emery for that; | | | | have accidents 74% of the time it is the cars fault, 11% |
| [ | | | | of the time the truck might have prevented it but it |
| Also of significant value is it’s ability to deploy | | | | was the cars fault and 15% the truck made a bad |
| new wave technologies at it’s hub and custom | | | | judgment call, yet the OH highway Patrol pulls over |
| clearing houses. Much of this technology was in | | | | 80% commercial and 20% personal cars? I guess it is |
| response to FedEx’s market advances and | | | | about revenue not safety. And you know who makes |
| UPS shear size making it difficult to compete. The | | | | the stats? The DOT and the same group, which is |
| University of Dayton employs 4500 folks all fairly high | | | | trying raise fines on truck tickets because they are |
| wage earners like their blue collar UAW counter parts | | | | larger fines. OH deserves the job losses for their |
| at the GM SUV and Delphi centers. Here is some | | | | actions, but really who does this hurt? Regular hard |
| recent news as of today’s watch: Dayton | | | | working good Americans. Truck sales are up this |
| Recent News contains some Blues; For instance we | | | | month for the first time about 1500 more trucks then |
| all know the state of the Union when it relates to the | | | | last month, that is a good sign even if some of the |
| steel industries. | | | | reason is upgrades to comply with EPA harassment. |
| At one time employing 4200 people. But Dayton is not | | | | Other lay offs include McCauley Propeller Factory, |
| primarily a steel town, it is a manufacturing town and | | | | BWXT, Wright AFB, about 5000 in all. But high paying |
| the birth place of aviation. Today the market sectors | | | | that is the kicker. |
| which are up in the greater Dayton area include: | | | | Dayton also has some newer cleaner type industries |
| Construction in residential, Retail is up, Real estate, | | | | such as Victoria Secret Catalog Processing center |
| Healthcare and services is big. Commercial | | | | and the famous Lexis-Nexis for Attorneys is located in |
| construction is being primarily boosted with school | | | | Dayton and it has grown, boy has it grown. Lawyers |
| projects recently. Square foot costs on the robust side | | | | are a growth industry, which has its own pros and |
| of town south side is anywhere from $2.30 to $12.00 | | | | cons. |