Bach Interviewed by Bisnow

Robert Bach, CRE, Director of Research – Americas, Newmark Grubb Knight Frank, Chicago, Ill., has recently been interviewed by Bisnow on his views on how the June Jobs Report will affect real estate. According to Bob, “Even moderate job growth, combined with low levels of new construction, should be enough to push office vacancies lower and rents higher in the second half of the year.” Bob appeared in another June Bisnow article focusing on the effects of the Fed’s nixing of a June rate hike: “We have been wringing our hands over rising interest rates for several years—increases that still haven’t appeared and may arrive even further in the future and at a slower pace than almost anyone imagined.”