A new Macro Report from Cassidy Turley’s Chief Economist Kevin Thorpe and Economist Rebecca Rockey reveals seasonal adjustments don’t always work and the CRE industry is still a “mixed bag.” Trends likely to become more pronounced: competition of e-commerce sales with retail sales and division in the luxury, mid-market and bargain retail sales.
The most uplifting story is still multifamily, beating historical average targets. Industrial demand is still high; expect a major construction wave this year. Office and retail are still evolving, and tech-heavy markets are experiencing faster rebounds. Bonus? U.S. employment expected to return to pre-recession peak by summer.