Grubb and Ellis recently issued a report, quoting the Bureau of Labor Statistics’ March jobs report, indicating that 180,000 new payroll jobs were produced that month, while the 4.4% jobless rate matched the recent low set in October. This is welcome evidence that the housing and manufacturing slumps have not yet infected the broader economy.  The general health of the economy bodes well for commercial real estate markets and implies that employment demand is going to continue unabated. We also continue to see hiring activity across every sector including the multifamily segment, which continues to benefit from weak housing sales. Overall, confidence appears to be strong, once again proof that commercial real estate is all about the fundamentals.

Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders. The views expressed in this article are the author’s own.

Job Opportunities

SELECTLEADERS.COM (FALLS CHURCH, VA) Project Manager–Real Estate The hire will perform project management functions from feasibility to final delivery for new Great Wolf Resorts Inc. indoor waterpark resorts, as well as managing the expansion of existing resorts primarily in East Coast and Southeast market.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.