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.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
