Nov 21, 2019

Boom times expected for U.S. commercial real estate

Illustration: Eniola Odetunde/Axios

Next year could be "one of the strongest years on record" for the U.S. commercial real estate industry, according to a market outlook released Wednesday by CBRE, the world's biggest commercial real estate servicer and investment firm.

Why it matters: Commercial real estate activity is a leading economic indicator, and growth in the sector translates to more jobs and investments in local communities.

Details: "Amid slower economic growth and global uncertainty, U.S. commercial real estate will remain a haven for investment in 2020," the report predicts.

  • Factors cited for CBRE's bullishness: low inflation, low-interest rates, strong consumer spending, increased capital flows into the sector and solid property fundamentals.

Yes, but: "Uncertainty surrounding trade negotiations, weakness in manufacturing and the approach of the presidential election season," are risks to the industry's growth, according to a release.

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Boom times expected for U.S. commercial real estate

Illustration: Eniola Odetunde/Axios

2020 could be "one of the strongest years on record" for the U.S. commercial real estate industry, according to a market outlook released Wednesday by CBRE, the world's biggest commercial real estate servicer and investment firm.

Why it matters: Commercial real estate activity tends to be a leading economic indicator, and growth in the sector translates to more jobs and investments in local communities.

Go deeperArrowNov 25, 2019

CEO optimism drops for 7th straight quarter

JPMorgan CEO Jamie Dimon. Photo: Mark Wilson/Getty Images

A closely-watched index of CEO hiring, sales and spending plans declined again, according to a survey of some of the biggest corporations in the U.S. by Business Roundtable, their trade group.

Why it matters: The survey has shown declining optimism for almost two years. As we get closer to the 2020 election, the record-high CEO optimism levels that peaked during Trump’s presidency have now vanished — largely thanks to trade war uncertainty.

Go deeperArrowDec 11, 2019

Consumers are picking up the lagging business sector's slack

Reproduced from LPL Research; Note: "Other components" includes housing, inventories, trade and government spending; Chart: Axios Visuals

The narrative of the U.S. economy lately has been strong consumer spending as the cornerstone of growth, offsetting lackluster business investment.

Driving the news: Economists pared down estimates for Q4 GDP — prompted by worse-than-expected economic data on Friday. The downgrades would have been worse, if not for retail sales figures that pointed to a solid, but slightly more cautious, consumer.

Go deeperArrowNov 18, 2019