An Improving Job Market could Mean a Stronger Real Estate Market

There is wonderful news for commercial real estate in New York City: the job market is picking up, which could indicate better times to come. When the job market improves, real estate buying activity usually picks up. In Crain’s New York Business, Barbara Byrne Denham, chief economist at Eastern Consolidated, is cautiously optimistic about the economy’s future: ““We usually see strong growth in the first couple of months of the year, only to  see the pattern slow down by mid-year. . .but we’re not seeing that. The fact that  it’s still going strong says there’s some serious momentum in the local  economy.”” Read more here for details about the improving job market and what it could mean for commercial real estate.

 

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