Strong…Getting Stronger
The U.S. economy is strengthening. All signs point to this being the longest expansion in the post-WWII era. Recent tax cuts will juice growth in the near-term, but will also put pressure on interest rates and inflation. Commercial real estate is expected to perform well in the aggregate, but will be intensely uneven from one geography/product type to the next.
OFFICE: Growing supply and slowing demand to cross paths—vacancy will rise in most major markets. 
INDUSTRIAL: Net absorption is set to exceed 600 msf over the next three years.
RETAIL: Up to 25 at-risk retailers may file bankruptcy in 2018, but there are bright spots.
CAPITAL MARKETS: Primed with momentum and more capital, therefore interest rates should settle in.
