The economic fundamentals for commercial real estate were solid through the end of 2019. The economy continued to grow at a moderate rate, with a 2.1% annualized increase in GDP in the fourth quarter that matched the pace of expansion in the third quarter. The economy still has considerable scope to continue growing, in large part because labor markets are not nearly as tight as a 3.5% unemployment rate, the lowest since 1969, would suggest.
Read more...Economic Fundamentals for Real Estate Remain Solid via Nareit
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