Drivers suggesting future commercial real estate space demand will strengthen are plentiful.
Among them is that the total number of jobs in the US is at a record high. New jobs have been added every month for 38 months straight, and there are 5.5 million more jobs today than there were at the pre-pandemic peak.
Unemployment is at a still low 3.9%, and the strong employment market is pushing real discretionary income 6.5% higher than it was before the pandemic.
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