August 2025 Luncheon: “The New Labor Landscape: How Workforce Dynamics are Reshaping the Market” with Laura Ullrich, Director, Economic Research at Indeed
Submitted by Stephanie Jenson, JLL
Dr. Laura Dawson Ullrich from Indeed Hiring Lab delivered eye-opening workforce insights at CREW Charlotte’s August luncheon, revealing how labor dynamics are reshaping commercial real estate markets.
The Current Reality The job market is cooling but stable and companies keep hiring, openings remain elevated, and layoffs stay low. Yet uncertainty looms large, with recession odds swinging from 22% in January to 45% by April 2025.
What’s at Stake for CRE Tax cuts and deregulation could fuel economic growth, boosting tenant expansion and space demand. However, tariff volatility and immigration restrictions threaten to slow business growth, shrinking your tenant pool and limiting space utilization.
Your Action Plan Smart CRE professionals must track tenant hiring trends, brace for persistent remote work impacts on office demand, and craft flexible leasing strategies. The Fed’s balancing act between inflation control and economic stability will directly impact occupancy rates and investment decisions. Understanding workforce shifts isn’t optional, it’s your competitive edge.
In this dynamic landscape, visionary CRE professionals who embrace workforce trends as growth catalysts will not just survive, they’ll thrive and lead the industry forward.