How Low Unemployment is Boosting Real Estate Demand

Low Jobless Rate – A Mixed Blessing

• Unemployment, now at 4%, near a record low - Fuels Commercial Real Estate Demand

• Tight labor market the greatest challenge for businesses: 6.9M Openings vs. 6.5M Job Seekers

Low Unemployment Generally Positive for Economy

• Invigorates consumer confidence

• Lifts household formation, wage growth, spending and consumption

What it Means for Commercial Real Estate

• Low unemployment stoking demand for all types of commercial real estate space

• May restrain construction as sector faces shortage of qualified labor

• Pushing demand to suburbs and smaller metros as companies open office locations to target talent