The U.S. economy ended the year on an optimistic note. Businesses continued to add jobs at a healthy clip. Employment in the key office-using sectors increased by 150,000 jobs in the fourth quarter. Consumer confidence remains high. Wages are rising faster than inflation, yielding extra spending power, reflected in the 18.8% increase in online shopping over the holiday season. The industrial market finished strong absorbing 68.8 msf in the Q4, the most space in a single quarter last year.
Read Cushman & Wakefield’s analysis of 2019 fourth quarter commercial real estate results by clicking on the links below.