As the labor market continues to claw its way out of a deep hole, it is presenting a mixture of good and bad that make overarching statements incomplete and often misleading, according to JLL in its “The labor market: the good, the bad and the ugly” report.
The trajectory of the labor market holds great importance for commercial real estate. What is the path forward?
While tough times remain ahead, the exact path forward for commercial real estate will depend heavily on the performance of the labor market, more so than during a typical recovery.
