Research

There are few clouds on the horizon for the sector—and plenty of reason to expect that more growth will be had in 2020.

Separately, JLL reported that global commercial transaction volumes reached an all-time high of $800 billion in 2019, increasing 4% year-over-year.

New Jersey's office market recorded nearly 10 million square feet of positive absorption during the final seven years of the 2010s, Transwestern stated in its Fourth Quarter 2019 Office Market Report for New Jersey.

Cushman & Wakefield's report Demographic Shifts: The World in 2030 analyzes the seismic shifts in international workforces as 693 million Baby Boomers reach retirement age and 1.3 billion Gen Zers begin working.

JLL states in its year-end 2019 report on the Chicago industrial market that after some nervousness earlier in the year, large occupiers returned to the market.

CRE will poised to receive a double-whammy from automation, with the technology reducing the need for space across several industries as well as remaking its own internal processes.

Developers are poised to bring about 16,900 deliveries throughout the year, mostly in the Katy and Spring/Tomball markets, thanks to proximity to important transit routes such as Interstate 10 and Grand Parkway.

The office market's supply and demand dilemma hasn't changed since mid-2018, but fortunately, the sublease space coming on the market will provide much-needed wiggle room, and owners are getting creative with the Prop M Small Allocation.