Three Significant CRE Trends for the Rest of 2022
3 Significant Trends That CRE Investors Can Capitalize On
Employment Recovery to Guide CRE Performance
U.S. recovered over 95% of jobs lost during pandemic, but recovery has varied by market
Cities that re-opened later, such as NYC, Los Angeles, Chicago and Boston, now seeing largest job gains
CRE momentum to follow job recovery
Ongoing Migration Patterns Benefit Suburban Properties
Much focus was placed on state-to-state migration, but most moves were local and towards suburbs
Suburban flight was already in place due to aging Millennials forming families; Accelerated by pandemic
Office, Retail and other property types expected to follow
Lifestyle Changes Support Leisure and Entertainment
Spending on travel and entertainment expected to increase; Not yet fully recovered but momentum present
Led by leisure travel, Hotel occupancy climbed above 60%; Business travel still recovering
*As of May 2022
Sources: Marcus & Millichap Research Services, BLS
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