Stronger Hiring Supports Property Performance, Complicates Investment

• Strong Hiring Momentum: December 2024 recorded 256,000 new jobs, marking the best month since March and capping the year with 2.2 million roles added.
  

• Healthcare Sector Leads: Education and health services drove 971,000 new jobs in 2024, boosting demand for medical office and retail spaces.
  

• Satellite Markets Shine: Cities like San Antonio, Pittsburgh, and Richmond outpaced others in job growth from June to November 2024, with notable vacancy reductions.

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