CBRE Predicts Commercial Real Estate Expansion to Continue
The U.S. economy will continue its long expansion in 2020, supporting the solid fundamentals of the commercial real estate market, according to CBRE’s forecast in its 2020 Real Estate Market Outlook.
CBRE, which has an office in Omaha, foresees tempered growth in the U.S. commercial real estate due to uncertainty surrounding trade negotiations, weakness in manufacturing and the presidential election.
“Next year will bring deceleration on a few fronts, but this still is an expanding economy and a flourishing property market benefiting from a robust job market, solid consumer confidence and low interest rates,” said Richard Barkham, CBRE’s Global Chief Economist and Head of Americas Research.
CBRE’s Outlook report includes perspectives on the 2020 trajectories for capital markets and six real estate sectors.
– CBRE
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