May 2025 Employment Report: CRE Trends Shaped by Jobs and Trade Shifts
The May 2025 Employment Report CRE Trends indicate ongoing labor market strength and emerging shifts in commercial real estate demand, particularly across industrial and retail sectors
Labor Market: 177K jobs added in April, led by healthcare and social services
Industrial: Tariff shifts drive demand from West Coast ports to inland and East Coast hubs
Retail: Higher import costs support brick-and-mortar shopping and local space needs



