U.S. unemployment rate is 10.2% in July versus the April low of 14.7%, and August filings are below one million for the first time since April.  Green shoots Indeed!

Which MSAs have employment momentum (or lack thereof) relative to the U.S. average?  And how does employment momentum compare to expected completions by property type in those MSAs?  Yes, back to the fundamentals…

As the U.S. iterates toward a solution (and economic recovery) to the economic damage done by COVID-19, employment is the central focus of L&B’s August 2020 CRE Market Update and Outlook by our Senior Director of Research, Dr. William Brueggeman.