A Tale of the Property Markets:
Banner Year for Industrial While Retail Lives On
The growth trajectory of the U.S. economy is expected to moderate somewhat in 2019 as some of the effects of tax cuts start to fade and the higher interest rate environment begins to dampen activity in certain sectors. In the third quarter, the technology sector remained the key source of demand in U.S. office markets accounting for nearly 27% of the top leases. Consumer spending and retail sales were positive, and eCommerce even more so. Online sales are forecast to grow by double-digits throughout the next three years. Despite concerns over trade policy, the primary drivers of industrial leasing continue to exhibit strength.
Read Cushman & Wakefield’s analysis of 2018 third quarter commercial real estate results by clicking on the links below.