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Right -- capital.
Well you know speaking of what we're going to be getting on Friday it obviously -- the big jobs report.
-- shell PW sees US real estate advisory practice leader says.
Office jobs are back and that's gonna raise rents because there's no supply has been added he joins me -- I'm curious what sectors these jobs are gonna come.
Professional services like firms like -- -- -- -- and other service industries as well as those industries and support the service industries.
So engineering architecture and the home billing industry coming back is also going to be a big driver of office using -- It homebuilding the -- about a back to some of that and because if you look at the services sector Princeton -- -- kind of hone in on -- to milliseconds that's what we saw a lot of the job growth come back person doesn't low paying jobs.
And it you're looking at a commercial real estate space is -- what you did -- I would think that you think you need other.
More high paying sectors to come back I don't really saying that right now that Madonna's.
-- aren't just sixth avenue in Manhattan they're across America and yet the -- suburban office rents that are relatively low.
And that's a place to how.
I feel -- not that's a lot of McDonald's that's still not someone that's that you know cleaning service.
Fair enough but I think that there's -- -- office using jobs in technology.
I'm in the sciences and in health care that are actually occupying office space -- -- like space across the country.
You -- -- -- -- pointers the job growth is pushing that.
Demands that that's true where we're saying -- -- -- actually pick up for commercial real estate is the major urban centers and that's San Francisco New York -- -- Boston right cannot -- New York got about a foot in the San Francisco Boston where he's the real big you know cities re really looking at the -- Houston right.
Seeing an energy he got technology -- of the cities you've got to verse implanted bases like New York like Boston.
But also look at Phoenix Arizona -- -- Denver Colorado he's in markets that have been added new supply.
And because industry is going to there -- -- that's a lower cost work environment also the housing industry and construction industry has been very strong there.
-- look in the last decade what drove demand in the office sector in most sort of suburban markets across the country was a housing construction industry which is coming back.
One more than a group that you're looking does not my favorite sectors that is the hotel industry doesn't tell -- your friend because a rep park which is revenue per room -- it which is like need to know industry right now whether Brett you're saying that that actually is it also pick up and that's gonna help.
Russia wants to -- every year -- to -- forecasts on a quarterly basis -- -- are growth for 2013 our forecast is five point 9%.
Considerably higher then GDP growth considerably higher than inflation.
Also if you look at lodging asset class.
Values didn't come back the way they didn't other aspects of commercial real -- so there's still room for value accretion in lodging and that's all driven by year last year for apartment.
-- -- -- you -- have you back to talk more about that are so many other ways to get playoff as a commercial Melissa by the lab and come back aren't they -- some judgment.
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