The Sunbelt Continues to Draw People andCapital

Jack Moran, President & CEO

It appears that the pandemic has accelerated the out-migration of people AND capital from the densely populated Northeast region of the U.S. to the lower cost, lower density markets in the Southeast, especially Florida.

In a recent article, “William Spransy, CFO of North Carolina-based Eller Capital stated, “There has been a massive amount of interest in the Sunbelt,” he says. “It’s been a general trend for a while. I feel like it has picked up considerably, and I think that’s going to continue for the foreseeable future from an investment perspective because of the structural demand and the growth prospects here.”

The Sunbelt is a large region, and some areas, particularly the coastal markets in the State of Florida, are already on the road to recovery from the effects of the COVID pandemic.

Link to the original article

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