DTZ, a global leader in commercial real estate services, announced the release of its U.S. Macro Forecast, which predicts positive economic results for the second half of 2015 after a shaky start.
A weakened global economy, a plunge in energy investment, a soaring U.S. dollar and another difficult winter in many U.S. regions took their toll on growth, but real gross domestic product (GDP) still managed to grow 2.7% year-over-year as of the first quarter, a rate that is high enough to sustain commercial real estate demand drivers. Also, job growth is at its highest point in 15 years, and 30% of the new jobs created to date in 2015 were in office-using sectors, with the bulk in professional and technical services. Though the current growth cycle has its inconsistencies, it could surpass the 10-year cycle that spanned from 1990 to 2000, which marks the longest expansion post World War II.
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