Economist: CRE Flourishes as Expansion Enters 11th Year
Barbara Byrne Denham, senior economist at Moody’s Analytics, will serve as the opening keynote speaker at the upcoming 18th annual national GlobeSt. Net Lease 2020 event here in New York City.
NEW YORK CITY—The commercial real estate market started 2020 on a positive note. That is according to Barbara Byrne Denham, senior economist at Moody’s Analytics, who will be the opening keynote speaker at the upcoming 18th annual national GlobeSt. Net Lease 2020 event, here in New York City.
In preparation of the event, she tells GlobeSt.com that “the threat of a trade war has abated somewhat with the (near – January 15) signing of the ‘phase one’ trade deal with China; interest rates have settled after inverting in August; and job growth finished the year strong – beyond most analysts’ expectations.” Thus, she explains, “the expansion is entering its record-setting 11th year, which should look a lot like 2019, which looked a lot like 2018.”
According to Denham, growth should stay moderate despite very low interest rates and inflation. “The U.S. economy continues to face risks from global political tensions and uncertainty, but it has weathered these threats for 10 years. As for the commercial real estate market, it should continue to grow in step with the overall economy in 2020 as it has over the past 10 years.”
To learn more about her thoughts from the opening panel, From Fluctuating Cap Rates to the Political Climate: What is the Economic Outlook for 2020 and Beyond? and to gain further insights from the industry’s most influential and knowledgeable real estate executives from the net lease sector to help prepare your transactions and investments for continued success, please click here to register.