New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


New York & Tri-State  + New York  | 
Returning to the office has been slow, says Kastle Systems

Cushman & Wakefield: U.S. Property Market Drivers Continue Strong

The U.S. economy is stable, despite sluggish global economies, according to Cushman & Wakefield’s U.S. Macro Forecast. Though the company’s economic growth forecast was revised downward to 1.6% in 2016 and 2.1% for 2017, consumer confidence and spending, along with low interest rates, remain intact.

“There is no doubt that slowing global demand did diminish trade and investment,” said Kevin Thorpe, global chief economist for Cushman & Wakefield.  “However, as the second half of the year unfolds, we expect those categories to pick up steam, supporting stronger corporate profits, inflation and real GDP growth,” he added.

In the commercial real estate sector, total sales volume for all property types is forecast to be $449.6 billion this year, approximately 15%-20% lower than in 2015. The report goes on to say that office space metrics will slow, while demand for warehouse and distribution space will continue growing. Class A retail properties will generate positive rent growth.

For comments, questions or concerns, please contact Amy Sorter


Inside The Story

Download the ReportConnect with Cushman & Wakefield's Thorpe

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Economy