JLL Report Sees Solid Year Ahead for CRE
By
Benjamin Breslau, Managing Director, JLL
Through all the volatility, the U.S. economy is poised for a solid 2016, according to JLL’s recently released Q1 2016 U.S. Economic Outlook. The same holds true for the commercial real estate market.
“We may be entering the latter stages of the cycle, and with various economic and geopolitical risks like the slowdown in China and the risk of a BREXIT we should expect more volatility,” JLL Managing Director Benjamin Breslau told Commercial Property Executive. “However, we still believe 2016 will be another solid year for commercial real estate in the United States. In fact, 2017 should be OK, too. An analogy that I think works well is baseball: We are in what I would say is maybe the seventh-inning stretch of this cycle, but there is game left to be played and always the potential for this to go into extra innings.”…
