Christine Cooper, Ph.D., managing director and chief U.S. economist with CoStar Group, told attendees of NAIOP’s I.CON West in California last week that a strong economy could underpin other market dynamics that threaten to cool off what has been a white-hot industrial real estate market.

The nation’s GDP is strong, and the economy gained momentum in the second half of 2023 – we saw economic growth of 4.9% and 3.2% in Q3 and Q4 respectively — much higher than expected. “The reason is consumers,” Cooper said. “When things get tough, we go shopping. This generates sales and economic activity. But how long can it last?”


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