高力国际（Colliers）：2022年商业地产展望报告（英文版）

Clarity and the New Reality: Commercial Real Estate Outlook for 2022U.S. Research Report | March 2022EconomyTrends to Watch in 2022• Labor Supply is Key Focus of 2022: With a significant decline in unemployment and a strong rebound in employment growth, a critical issue for 2022 will be the labor force participation rate, which will dictate job growth and inflationary pressures on wages. • Russia-Ukraine Crisis: While the Russia-Ukraine conflict will have a larger impact on neighboring European countries than the United States, uncertainty over how the war will evolve will add a layer of complexity for the Federal Reserve as they begin to raise interest rates to ward off inflation running at a nearly 40-year high. The Fed will likely err on the side of caution and not be overly aggressive with rate hikes. As for the impact on U.S. GDP , the amount of growth trimmed will largely depend on the length of the conflict and the scale of any U.S. involvement. • Inflation will Remain Elevat