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CRE Waits for Labor Shortage to Ease
May 17, 2023
In each of the Federal Reserve’s recent press conferences, Chairman Powell cited wage growth as one of the key inflationary pressures causing the Fed to raise rates.
Rising wages are inflationary by nature because they increase business operating costs, which are ultimately passed along to consumers.
This can affect commercial real estate directly and indirectly, according to John Chang, Senior VP, National Director Marcus & Millichap Research Services.
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Rising wages are inflationary by nature because they increase business operating costs, which are ultimately passed along to consumers.
This can affect commercial real estate directly and indirectly, according to John Chang, Senior VP, National Director Marcus & Millichap Research Services.
