An excerpt from: Commercial Property Executive (June 2012)

The consensus view of most economists is that growth will finally start picking up speed in 2014.  

Many economists expect a return to robust economic growth by 2014. The Urban Land Institute’s most recent survey of real estate economists projects a 50 percent increase in transaction volume by 2014 as CMBS volume doubles over the same period. Vacancy rates will drop between 1.2 and 3.7 percent for office, retail and industrial and remain low for multi-family properties.

For those developing strategies for the next several years, the economy appears to present an encouraging, if mixed picture. The U.S. Bureau of Labor Statistics estimated in February that total employment would rise 14.3 percent by 2020 as the economy creates 20.5 million new jobs compared to a 2010 baseline.

The ULI economist survey is upbeat on several other fronts as well. The consensus projections for 2014 call for a 6.9 percent increase in gross domestic product, a doubling of housing starts and a 3.5 percent increase in median home prices. Annual job creation in 2014 will reach an estimated 2.75 million.

(Bet you can’t wait…)

Tagged with:

Filed under: Uncategorized

Like this post? Subscribe to my RSS feed and get loads more!