The lopsided nature of the K-shaped recovery continues to impact commercial real estate in varying ways.
At its heart is the dichotomy between higher-paid workers, who are weathering the recession and lower-paid laborers that are struggling.
"Individuals with less education were more than twice as likely to be out of work as college graduates," according to Marcus & Millichap in a new research brief. "People without a bachelor's degree are more likely to have been employed in lower-skilled roles that were disproportionately affected by stay-at-home orders."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
