Approximately 11,000 baby boomers will retire each day this year and that figure will impact commercial real estate construction labor and increase demand for hospital visits and thus, medical office buildings.
These seniors will leave carrying unique skill sets, particularly when it comes to construction, according to John Chang, Senior Vice President, National Director of Research and Advisory Services for Marcus & Millichap.
Employment of people over the age of 55, the closest proxy for baby boomers available from the Bureau of Labor Statistics, is plentiful in career fields such as agriculture, financial services, manufacturing, education, and health services.
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