2.7% GDP growth is forecast for 2019, slightly lower than in 2018
ECONOMY
CAPITAL MARKETS
Cap rates’ spread over 10-year Treasury yields is expected to average 350 bps in 2019
OFFICE/
OCCUPIER
37 million sq. ft. of net absorption expected in 2019, marking the 10th-straight year of positive absorption
Flexible space offerings could account for 10% of Class A space by 2028
INDUSTRIAL &
LOGISTICS
Demand has exceeded supply for nine consecutive years by an average of 94.1 million sq. ft. The imbalance between supply and demand has driven the vacancy rate to a historic low of 4.3%
RETAIL
Total retail sales increased by 6.1%
year-over-year in Q3 2018—the biggest gain since 2012
MULTIFAMILY
280,000 multifamily units will be delivered in 2019, slightly under 2018’s 290,300 units