WASHINGTON, DC–The Urban Land Institute's Real EstateEconomic Forecast, which includes predictions for theeconomy and industry through 2020, does not pull punches in itslatest report. Not that it needed to, for the news is hardly bad.But the consensus forecast is plain: growth in the US economy andthe CRE markets will start to moderate after 2019. GDP growth isprojected to stay strong in 2019 at 2.5%, while moderating to 1.7%in 2020.

Meanwhile, expectations for the real estate market are moretempered than the overall economy, with rent growth and returnforecasts below trend and surprisingly moderate for late in thecycle, wrote William Maher, director, AmericasStrategy & Research at LaSalle Investment Management on behalfof ULI.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.