Assessing Key Employment Trends Driving Commercial Real Estate Development

By: Dr. Donald Jud, University of North Carolina at Greensboro

Release Date: September 2009

As the economy adapts and changes in response to the pressures of globalization, climate change, new government initiatives, and other factors, the spatial pattern of workspace demand is constantly shifting. Developers are challenged to supply the proper kind of workspace where it is needed most in a changing economic environment. Knowledge of current employment trends helps developers and investors make more informed decisions about the provision of space to better meet future needs as they arise.

The research explored the trends in industrial, office, and total employment from 2000 through the 2009. Using data on county and metropolitan employment from the Bureau of Labor Statistics, the research indicated:

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