Stuart Showers Stuart Showerssays industrial spec developments are underway to capture the unmetdemand.

HOUSTON—A US Congress divided in the wake of the 2018 midtermelections is less likely to hinder continued economic growth ordampen demand for commercial real estate, Transwestern contends inits latest outlook. Two years of anticipated gridlock ease fearsthat political or economic policy changes will derail businessexpansion plans, setting the stage for further job creation andmodest gross domestic product growth of about 2% in 2019. Thisgrowth will be boosted by consumer spending, according to thereport.

As for jobs, construction, manufacturing, transportation andwarehousing employment growth are trending up. Retail sales havesoftened but consumer confidence remains high.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.