X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Perspective

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.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.