Economic momentum remains in place as tight labor markets contribute to steady growth. Driven by consistent job gains and the lowest unemployment rate since the early 2000s, retail sales remain on an upward trajectory. The steady recovery in the labor market has been dominated by advancement in office-using sectors, which combined for more than 734,000 new jobs over the last year, representing the strongest overall sector in the economy, according to a recent report by Marcus & Millichap. Indeed, the market is firing on all cylinders, with all property types getting near-equal attention.—Lisa Brown
NEWS AND NOTABLES
DALLAS—Sean Goff has been appointed the leader of the CBRE Americas Local Project Management business. Goff most recently led this business in the Texas and Oklahoma Division and Latin America.
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