• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Limon Net Lease Group

Limon Net Lease Group

  • Listings
    • National Listings
    • NYC Metro Listings
  • Who We Are
  • 1031 Exchange
  • Research
  • Financing
  • Services
    • Advisory
    • Capital Markets
    • Marketing
    • Research
    • Technology
  • Contact

Tracking the Job Recovery by Market

November 29, 2021 by Marcus & Millichap Research Services

Urban Markets, Tourist Destination Lag Recovery

  • High-density metros with strict COVID protocols struggle to ramp up employment growth
  • New York (#43), Los Angeles (#41) and Bay Area (#39) rank low, but are building momentum
  • Vacation markets like Las Vegas (#42) and Orlando (#40) saw steep losses – Expectations for rapid growth in 2022

5 Markets Have More Jobs Today then Before the Pandemic

  • High growth metros across the Sunbelt outperform
  • Phoenix (#5), Tampa (#4), Jacksonville (#3) Austin (#2) recovered quickly and will maintain momentum in 2022
  • Top spot belong to Salt Lake City (#1) – Wasn’t hit hard during downturn and resumed hiring very quickly

Investment Opportunity Exists Across All Markets

  • Lagging markets offer investors recovery opportunities, if they believe in the long-term fundamentals of the metro
  • Those seeking momentum investments may target the faster recovering markets and ride a wave of growth

As of October 2021
Sources: Marcus & Millichap Research Services, BLS

Watch the Video Below

Filed Under: Research Brief

Primary Sidebar

Recent Posts

  • Implications of Federal Reserve Rate Policy
  • The Current State of CRE Transactions
  • How Consumer Sentiment Impacts CRE
  • 2023 CRE Construction Trends
  • How the Current Economic Climate Impacts CRE

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • March 2020

Categories

  • Agent Opinion
  • Apartments
  • Client Webcast
  • Employment
  • Eviction Moratorium
  • Fox Business
  • GDP
  • Investor Sentiment Survey
  • M&M In the Media
  • Market Report
  • Multifamily
  • Multifamily
  • NYC Metro
  • Outlook Report
  • Research Brief
  • Retail
  • Self-Storage
  • Special Report

Footer

© 2023 Limon Net Leased Group

  • Listings
    • National Listings
    • NYC Metro Listings
  • Who We Are
  • 1031 Exchange
  • Research
  • Financing
  • Services
    • Advisory
    • Capital Markets
    • Marketing
    • Research
    • Technology
  • Contact

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2020 Marcus & Millichap and Limon Net Lease Group

Privacy Policy