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Continued job creation bolsters household formations and supports space demand for commercial real estate, according to a recent report by Marcus & Millichap. Moreover, year-to-date employment growth signals economic acceleration as employment additions in the first four months of 2018 outpaced the previous two years over the same time frame, with 799,000 jobs added. The quickened pace of job growth should accelerate commercial real estate demand across all sectors, as companies expand payrolls and operations. The industry as a whole has been robust in recent years and this news bodes well for continued positive activity.—Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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