1. Employment Market Boosting All CRE
U.S. Labor Market Firing on All Cylinders
Created 2.7M jobs in 2018 – strongest in 3 years
January added 304K jobs, marking 100 months of continuous job gains
Elevated Optimism & Tax Reform Support Gains
Small business account for half of jobs in the U.S. – tax reform boosted small business confidence
Texas – a job creation stalwart; Orlando, Las Vegas and Raleigh delivering impressive growth
Job Creation Supporting All Real Estate Sectors
Elevated space demand for all commercial real estate
2019 jobs outlook and Commercial Real Estate outlook are solid
Nearly
21 Million Jobs Created This Cycle
Quarterly Job Growth (Millions)
Sources: Marcus & Millichap Research Services, BLS