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chi-McCarthy-Kenneth Ken McCarthy, principal economist, Americas, head of applied research at Cushman & Wakefield.

CHICAGO—After nearly eight years of consistent economic expansion, few topics engage commercial real estate professionals more than when the next recession will begin. Few if any expansions have lasted this long, and the anticipation of its end has already started governing plans for new development and investment. More diversity within portfolios, especially by adding recession-proof properties such as student housing and self-storage, seems called for these days. But recent moves by the Trump Administration, including the launch of trade wars with China, Canada and Europe, have added new and unexpected factors that have to be considered along with anticipated ones such as rising interest rates. But the latest jobs report showed a still-healthy economy Kenneth McCarthy, research director for Cushman & Wakefield, speaks about this new world and how to navigate it.

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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