The Weekly Take from CBRE cover image

Don’t Look Back: What’s Ahead for the Commercial Real Estate Industry

The Weekly Take from CBRE

CHAPTER

The Impact of the Boom and Manufacturing on Real Estate

Is the labour market too tight or what in fact is causing wages to increase if we're at the same basic level on unemployment we were pre-bandemic? A very interesting question, I think you will remember that pre-pandemic 2019 interest rates were going up to try and slow the economy down. We are not seeing quite the reduction in construction costs that we would because a lot of that construction resource is going into building structures for that manufacturing revival. So that's an odd thing that is happening that we wouldn't have expected.

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