Profits Point to Job Growth
June 1, 2010Profits point to job growth according to Cassidy Turley’s latest mid-year National Forecast Report. In April 2010, the national economy created 290,000 new jobs – a monthly gain that rivals some of the strongest employment growth during the technology boom of the late 1990s and the real estate boom of 2003 to 2007. “The trend in demand for office space is headed in a positive direction, as evidenced by the fact that declines have decelerated rapidly for four straight quarters,” said Kevin Thorpe, Chief Economist at Cassidy Turley. The combination of still-tight lending conditions and weakened property fundamentals resulting from the recession with continue to constrain sales activity in 2010, although the overall volume will be slightly higher than in 2009. 2011 is projected to be a strong rebound year for both industrial and office sales. Click below for a full copy of Cassidy Turley’s Mid-Year Forecast Report.
