Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}
Labor-themes-hero-2352x720 Labor_themes-hero_750x480

5 Key U.S. Labor Market Trends Impacting CRE

Rebecca Rockey • 9/9/2021
As the U.S. economy reemerges on the other side of the 2020 recession, the U.S. labor market remains an area of concern for occupiers, investors and the commercial real estate (CRE) industry. In our latest report we examine five key U.S. labor market trends impacting CRE.

The impact of the pandemic on the U.S. labor market was sharp and severe, especially within urban areas. Although the labor market is now well on its way to recovery, there remain significant challenges including labor supply-demand imbalances and a drop in labor force participation. With unemployment benefits having ended for millions of Americans on September 5, it remains to be seen how labor markets will respond. 

Disconnects have been seen too in the CRE market, with outcomes in employment varying greatly from the fundamentals. Office employment, for example, has outperformed the broader labor market while fundamentals remain hard hit. Nevertheless, some categories continue to thrive across the board, with sectors including industrial, life sciences and technology seeing both an outperformance in jobs and property demand throughout the pandemic. 

Five key U.S. labor market trends impacting CRE:  

  1. Recovering after Severe Impact 
  2. Overcoming Labor Shortages & Skill Mismatches 
  3. Where have all the Workers Gone 
  4. Navigating the Disconnect between Labor & CRE Markets 
  5. Identifying Sectors that are Thriving 

Looking to further understand how these themes will impact your CRE strategy? Get in touch with one of our market experts. 

Related Insights


Reasons for Optimism: Office Tour Activity Is Surging. Now What?

It’s undoubtedly true that the office sector’s near-term performance remains firmly tied to the resolution of the pandemic. With the continued spread of the Delta variant delaying some occupiers’ plans to fully return to the office, uncertainty continues to exist.
David Smith • 8/16/2021
Global Webiinar (image)
Insights • Economy

Webinar: Tracking the Global Economic and Commercial Recovery Journey

Our experts will share their views plus the latest market data on the speed of recovery and what the implications are for investor and occupiers globally.
Kevin Thorpe • 6/28/2021

Interested in learning more?

Get in touch and we can assist with any additional information you need.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All