Cassidy Turley has released three national perspectives on Construction, Manufacturing and E-Commerce.
Construction – A Look at Trends
In the past two months much economic data has been on an uptick, tempering concerns that economic growth has stalled. Most economists agree that a strong year lies ahead. Cassidy Turley’s forecast is for real GDP to grow by 3% in 2014.
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Manufacturing – The Age of Innovation
“Made in the USA” is much more than a slogan. It speaks to the importance of manufacturing as an economic engine and, as such, an essential driver of commercial real estate demand. The impact of manufacturing on the economy, as well as the property markets, is immense. This critical sector supports an estimated 17.2 million jobs in the United States with 9% of the total workforce employed directly in these industrial enterprises.
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The E-Commerce Crunch
Demand for distribution space to serve the needs of e-commerce, retailers and third-party logistics players is exploding now and will remain for the foreseeable future the single largest driving force behind industrial growth in the U. S. The industrial marketplace is simply on fire. While the nation’s office market is solidly in recovery mode and the retail and shopping center sectors are showing general signs of improvements, no other commercial real estate property type has come close to industrial in terms of overall occupancy growth over the past couple of years. And these totals are overwhelmingly being driven by e-commerce.
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