Jones Lang LaSalle


Survey Shows Job Growth One Sticky Point for R.E. Growth

The fourth annual CORFAC international market survey released this morning forecasts moderate improvement in commercial real estate market conditions. Among the top issues cited, 53 percent of those CORFAC alliance firms surveyed in 74 markets across the Americas said that the decline of job growth is a main obstacle of a dramatic recovery in the office, industrial and retail markets. What's more, 80 percent of CORFAC partner firms surveyed said that the commercial real estate market will enjoy moderate growth; two-thirds of those surveyed said their businesses will be substantially better this year than last. In addition, more than half the firms surveyed said that investment sales will be the strongest market sector this year.