Feb
18

CRE Recovery Also Depends on Jobs

By
– Commercial Property Executive

“For the U.S. economy, the recovery has been stronger than expected,” began Sam Chandan, global chief economist for Real Capital Analytics at the IPD Fourth Quarter U.S. Real Estate Results seminar at the Trump International Hotel and Towers. “But the question now is whether it can be sustained. A lot now depends on the pace of the labor market recovery, both for the broader economy, and the prospects for commercial real estate.”

Chandan spoke before a packed room at an event sponsored by real estate performance and data specialist IPD North America. Also speaking were Susanne Cannon, chairman of the Department of Real Estate of DePaul University, who made the introductory remarks, and Simon Fairchild, managing director of IPD North America.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE

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