Following last week's strong retail sales figures for December released by the Commerce Department, some economists are revisiting projections for year end GDP, according to Bloomberg.
They are supporting several aspects of commercial real estate such as industrial and restaurants & bars, according to a news video this week from Marcus & Millichap.
Core retail sales were up by 3% year-over-year as of December on an inflation-adjusted basis.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.