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Cushman & Wakefield shares its outlook on the US economy and primary commercial real estate sectors for 2024. https://bit.ly/4bPTB3J #commercialrealestate #commercialrealestateinvesting #useconomy #2024outlook #realestate #economicinsights #economy

Hot off the press is Cushman & Wakefield's 2024 US Macro Outlook. Well worth the click and read as always. A few highlights: KEY TAKEAWAYS ECONOMY- Slowing growth and a break in shelter inflation’s stickiness will pave the way for the Fed to pivot in the fall. CAPITAL MARKETS- Acceptance of higher-for-longer is permeating the market, leading to more price discovery and more optimism around activity, moving forward. INDUSTRIAL- Even with rent growth decelerating, strong fundamentals and ongoing adjustments to higher rent levels among existing leases will keep this sector favored in an income-focused era. MULTIFAMILY- The supply wave gets the attention, but the strength of demand should be equally acknowledged, given that it is offsetting the impacts of development on vacancy, which is now nearing its peak. OFFICE- Still challenged by the adjustment to hybrid work, the office sector at large remains soft. But not all markets or product are created equal; the market is trifurcated and becoming more so. RETAIL- The lack of supply is the story here for a sector that has a 40-year low vacancy rate, hovering at 5.4%. Store openings will exceed store closings this year helping keep the market anchored at tight levels. LODGING- While pent-up demand for travel continues to buttress spending on lodging, cost effective and luxury options are likely to remain more insulated given inflation’s impact on middle- and lower-income households. ALTERNATIVES- Secular demand drivers continue to favor most alternatives, especially those with residential underpinnings and data centers. #whatsnext #betterneversettles Rebecca Rockey James Bohnaker https://lnkd.in/eD8rcsan

Quick & Skinny: Real Estate and The Economy... *MY VIEW: We are now seeing a slowdown in consumer spending according to Costco, Lulu Lemon, McDonalds, Nike, Ulta Beauty and Darden Restaurants. I continue to expect the first rate cut in June. And at least one more before year-end. *MANHATTAN (weekly March 30 - April 5) -contracts signed +3% week-over-week (wow),+10% year-over-year (yoy) *BROOKLYN (weekly) -contracts signed -17% wow, -28% yoy -Williamsburg/Greenpoint was the only submarket with an annual increase in activity *Blackstone (BX) to Buy Apartment Income REIT known as Air Communities (AIRC) for $10bln and plans to invest another $400mln to improve the AIR Communities properties *US ECONOMIC DATA: Inflation focus...tomorrow CPI (March) 830am EST. Consensus (CONS) +.3%; Thursday PPI (March) 830am EST, CONS+.3%; *USA: Available office space tops 1 billion square feet for first time in Q124, ~23.7% of office inventory in the country (Avison Young; Bisnow) *USA: Biden Administration releases first national blueprint for building decarbonization- aiming to reduce greenhouse gas emissions from buildings by 65% by 2035 and 90% by 2050 (Bisnow) *USA: small business confidence for March hits 11 year low.

Newly produced 2024 U.S. Macro Outlook Report breaking down each property sector. Let Cushman & Wakefield guide your company through the real estate decision making process during this cycle of opportunity. #betterneversettles

How Charlotte CRE Leaders are adapting to shifting market trends 4 min read December 2024 —As the #commercialrealestate landscape undergoes significant adjustments, sectors are finding ways to adapt to new economic pressures and evolving demand. High #vacancyrates and reduced pipelines have defined the #industrial market in 3Q24, pointing to a gradual return to equilibrium after the development surge of recent years. Reports from JLL, Cushman & Wakefield, and Lee & Associates Commercial Real Estate Services signal a cautious, measured approach in #industrialrealestate, balancing supply and demand as the economy shifts. READ MORE: https://lnkd.in/gji5mZh5

Cushman & Wakefield's Chief Economist comments on 2025 and the year ahead. Strong U.S. Economy & Positive Outlook for 2025: The U.S. economy is growing steadily, with robust GDP growth, low unemployment, and cooling inflation. Fundamentals suggest the economy is well-positioned heading into 2025, with a reduced likelihood of recession and healthy corporate profits. Commercial Real Estate Recovery: After a period of adjustments, most CRE sectors are stabilizing. High demand persists for data centers, apartments, experiential retail, and premium office spaces. Industrial demand is normalizing but remains strong, while overall CRE pricing is nearing equilibrium. Emerging Opportunities & Risks: Green shoots in capital markets signal improving conditions, with rising REIT prices and declining debt costs. While risks like policy missteps remain, historical performance under similar conditions offers a positive outlook for the CRE sector. #cushmanwakefield #officeleasing #commercialrealestate

Read Savills Prospects and find out how inflation, labour shortages and rising costs in F&B are blurring retail stats, and how landlords and tenants can innovate for the future. http://sav.li/ani #RetailInvestment #RetailExpansion #RetailTrends #CommercialRealEstate

Read Savills Prospects and find out how inflation, labour shortages and rising costs in F&B are blurring retail stats, and how landlords and tenants can innovate for the future. http://sav.li/ani #RetailInvestment #RetailExpansion #RetailTrends #CommercialRealEstate

The European real estate market is set for a steady resurgence in 2024, following a period of adjustment and price discovery. Expectations point towards a gradual increase in investment activity throughout the year, fuelled by greater clarity on pricing dynamics and a narrowing bid-ask spread. With stabilizing property values instilling confidence, both buyers and sellers are poised to engage more actively in transactions, projecting an estimated 10% uptick in investment volume compared to 2023, particularly in the latter half of the year as the market adapts to new pricing norms. In the office sector, while a gradual recovery is anticipated, activity levels are forecasted to remain below historical averages. Leasing volumes are predicted to climb by 10%, driven by moderate employment growth in office-dependent industries. However, ongoing sectoral restructuring, particularly in technology, presents potential challenges to this trajectory. The industrial and logistics segment is expected to witness demand stabilization, reflecting broader macroeconomic trends. Despite this moderation, prime rents are forecasted to rise by approximately 4%, underpinned by occupiers' emphasis on efficiency and sustainability. Improved consumer fundamentals are on the horizon for the retail sector, as rising real incomes and easing inflation may spur retail sales volume. However, the lingering effects of interest rate hikes pose a downside risk to consumer spending. In the data centre market, unprecedented demand levels are anticipated, driven by hyperscalers. Yet, facility deployment hurdles may push the European vacancy rate to a historic low of 10.7%, potentially prompting a shift towards geographic diversification in data centre investments. Despite sector-specific challenges, the European real estate market is poised for gradual recovery in 2024, necessitating a flexible investment approach to navigate both risks and opportunities. Northstar Analytics stands ready to assist in navigating these complexities, offering expertise in enhancing portfolio resilience, facilitating creative deal success, and exploring public market opportunities. #EuropeRealEstate #CommercialRealEstate #InvestmentOpportunities #MarketAnalysis #IndustryInsights #BrookfieldAssetManagement #CBRE #JLL #GrosvenorGroup #Prologis #NorthstarNarratives

CBRE’s latest report offers a cautiously optimistic view for U.S. real estate in 2025, projecting a 10% recovery in investment sales volume driven by industrial, multifamily, and retail assets. Despite expected cap rate compression across sectors, persistent headwinds like high Treasury yields, fiscal policy, and inflation remain top of mind. Investors should stay attuned to macroeconomic drivers and capitalize on emerging opportunities, from Class A office and multifamily properties to evolving supply chains boosting industrial demand. With global capital flows and sector-specific resilience, the coming year promises a complex but rewarding landscape for strategic investors. 🌎💼 Website: mclennanindustrial.com  Bio: https://lnkd.in/gJihJmJ9  Google Business Page: https://lnkd.in/gHn-YT5m  YouTube: https://lnkd.in/gxz7UURi  Instagram: https://lnkd.in/g3gNBFkV  Facebook: https://lnkd.in/gNmDVBBE  X: https://lnkd.in/g4f-8_aJ  TikTok: https://lnkd.in/g8_RtaNV  LinkedIn: https://lnkd.in/gms5TXMP #PugetSound #TenantRepresentation #LandlordRepresentation #SIOR #CCIM #IAMC #NAIOP #CRE #CommercialRealEstate #IndustrialRealEstate #Industrial #Logistics #Manufacturing #Warehouse #Seattle #Tacoma #KidderMathews #Kidder #SupplyChain #CommercialLand #WarehouseSpace #Warehouse #KingCounty #PierceCounty #ThurstonCounty #Seattle #Tacoma #RealEstate #SupplyChainManagement