Tenant Demand Stays High Despite Housing Slump
Although the housing industry is in a slump and manufacturers are eliminating jobs, economic downturn has been avoided by strong performance in other markets, according to an analysis from Grubb & Ellis.
Although the housing industry is in a slump and manufacturers are eliminating jobs, economic downturn has been avoided by strong performance in other markets, according to an analysis from Grubb & Ellis.
Professional and business services, educational and health services, and leisure and hospitality have contained the fallout from the housing market, says Grubb & Ellis, and have helped maintain a relatively healthy labor market.
The robust labor market has helped fuel tenant demand for all types of real estate, as well as the possibility of an increase in the federal funds rate and dims the chances of a rate cut before the spring, according to report.
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