White Paper: Job Recovery Will Boost Commercial RE

According to NAI Global’s recently released white paper “A Robust Rebound to Mediocrity?” steady, strong economic growth over the next two years will return the U.S. economy to just a pre-2008 level. The growth would help struggling commercial real estate owners get back on their feet.

The white paper, authored by the Princeton, N.J.-based worldwide commercial real estate services provider’s chief economist, Dr. Peter Linneman, also examined the overall outlook for the job market. It reviewed national payroll history and trends, among other factors, to provide a forecast for the next three years. Dr. Linneman authored the white paper to provide an economist’s view of the recovery’s impact on the job market, which will affect demand for space in office building and retail properties.

Dr. Linneman is a professor of real estate, finance, and public opinion at the University of Pennsylvania’s Wharton School of Business and a principal at Linneman Associates. NAI Global manages a network of 5,000 commercial real estate professionals and 325 offices in over 55 countries, completing an average of $45 billion in transactions yearly.