Stuart Showers says industrial spec developments are underway to capture the unmet demand.
HOUSTON—A US Congress divided in the wake of the 2018 midterm elections is less likely to hinder continued economic growth or dampen demand for commercial real estate, Transwestern contends in its latest outlook. Two years of anticipated gridlock ease fears that political or economic policy changes will derail business expansion plans, setting the stage for further job creation and modest gross domestic product growth of about 2% in 2019. This growth will be boosted by consumer spending, according to the report.
As for jobs, construction, manufacturing, transportation and warehousing employment growth are trending up. Retail sales have softened but consumer confidence remains high.
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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.
