Changing Markets: AI, Layoffs, and the Real Estate Demand Nobody Is Underwriting
Posted by Tim Bray on
Market Commentary • Issue 10
AI, Layoffs, and the Real Estate Demand Nobody Is Underwriting
Companies may still grow revenue, increase profits, and expand market share. But what happens to real estate when they no longer need the same number of people to do it?
For years, real estate professionals have watched job announcements as one of the clearest signals of future demand.
A company expands. A company hires. People move. Office space fills. Apartments lease. Homes sell. Restaurants get busier. Municipal tax bases strengthen.
That relationship has helped shape how communities, developers, landlords, lenders, and brokers think about growth.
But what happens when companies grow without adding people?
Why…
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