Ask any commercial real estate professional what is the most important economic indicator and they will tell you, “jobs.'”
LinkedIn and the Council of Economic Advisors analyzed the fastest-growing and fastest-shrinking industries since beginning of the great recession in 2007. How did this impact the commercial real estate market?
Warehousing didn’t fare well nor did retail or restaurants. Office using industries such as financial services, banking and real estate contracted as well. The strongest performer was the internet which may explain why newspapers are the fastest shrinking industry. Healthcare was a strong performer as well as the energy industry which would explain the strength of the Houston commercial real estate market.