Economy Improving, but with Less Bounce than Previous Recessions
Wednesday, October 10, 2012
The Daily Transcript--The economy is slowly improving, but the nation still is not bouncing back like in previous recessions, local experts said at the 2012 San Diego Beacon Economics Conference.
... Any positive employment gains are positive for real estate, said Norm Miller, professor at the Burnham-Moores Center for Real Estate at the University of San Diego.
If there are 115,000 new jobs added, that equates to 10 million square feet of absorption of space that’s vacant right now, he said. (Full Story)