A Year of Economic Highs for Property Markets
2018 was a year of economic highs—or lows in the case of unemployment—all of which fueled consumer confidence and spending. The U.S. economy was accelerated by tax cuts, rising optimism and synchronized global growth.
- Tech accounted for 34.4% of office leasing volume, well ahead of the 18.8% secured by financial services
- Industrial net absorption rose to an all-time high—284.9 msf—marking this the strongest run on record
- Stronger spending levels combined with corporate tax cuts propelled the retail sector
Read Cushman & Wakefield’s analysis of 2018 fourth quarter commercial real estate results by clicking on the links below.