Marcus & Millichap is predicting labor shortages and wage increases will continue to be headwinds for CRE this year, but they should abate a bit in 2022.
There is a 2.5 million worker shortage along with rising wages which will restrain service sector growth in commercial real estate along with hotels and senior housing, Marcus & Millichap Senior Vice President and National Director Research Services John Chang said in a video
However, beyond the immediate future conditions should be favorable for CRE.
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