Spencer LevyLos Angeles, CA–2018 was a good year for the major commercial real estate asset classes. The recently released CBRE 2019 Real Estate Market Outlook report anticipates that, minus unexpected economic downturns, the US economy will continue to generate solid growth, amounting to a 2.7% gain in gross domestic product, and benefiting all sectors.
“2018 was a positive surprise in terms of overall GDP growth,” says Spencer Levy, Chairman of Americas Research and Senior Economic Advisor, CBRE. “Job growth has also trended up nicely with additional stimulus thru the tax plan and attitudinally, consumers and businesses are positive.”
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