I was talking with a friend last night about the unfortunate events surrounding the closing of Gloryland Harvest Church in Radcliff, KY. A large percentage of the congregation of Gloryland Harvest Church consisted of military families from nearby Ft. Knox military base which, under the Base Realignment and Closure Act (BRAC), recently lost around … [Read more...]
Appraising Commercial Real Estate in Cities in Kentucky – Population Trends
Population migration has a huge impact on the value of commercial real estate in cities in Kentucky. It's a little saddening to watch the demise of various cities in rural Kentucky as their population gradually declines and local businesses are forced to close their doors. The phrase "Death by a Thousand Cuts" comes to mind. On the other hand, some … [Read more...]
Projected Population Growth of Kentucky Counties 2015 Through 2020
Below you will find a map depicting the projected change in population for each county in Kentucky from 2015 through 2020. No surprises here. … [Read more...]
Commercial Real Estate Appraiser in Kentucky
As a commercial appraiser in the great State of Kentucky, part of my job is to analyze local economic trends. We've all seen the ghost towns in rural areas as the population migrates towards more urbanized areas of the state. Needless to say, this trend wreaks havoc on the value of the commercial real estate left behind. Conversely, some less … [Read more...]
Top Ten Cities in Kentucky
This final post will conclude my analysis of the trends for the top ten most populous cities in Kentucky. In previous posts we have considered the three most important factors that affect demand for commercial real estate - population, employment, and income trends. The chart below summarizes the trends in these three characteristics for each of … [Read more...]
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