Tuesday, May 1 marked the US economy's second-longest expansion since 1785, according to new research released by Cushman & Wakefield. If this trend continues through July 1, 2019, the expansion of this economic cycle will officially be the longest on record. Cushman & Wakefield's report examines two of the most popular and widely-watched economic indicators–the yield curve and the state of the US stock market–to offer insight into the state and future of the current expansion. Long expansions are not the historical norm, according to Revathi Greenwood, head of Americas research with Cushman & Wakefield. Until this week, the expansion from 1961 through 1969 was the second longest in US history.—Lisa Brown

BY THE NUMBERS

AUSTIN, TX—Austin's overall retail vacancy rate remained at 3.9% quarter-over-quarter, and up 10 basis points year-over-year. Net absorption grew to 400,000 square feet as of the quarter's end, following the previous quarter's 283,000 square feet, and on par with the 336,000 square feet year-over-year, according to NAI Partners' first quarter 2018 Austin retail quarterly report.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.