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A Strong Economy Boosts Commercial Real Estate In Q2 | Nareit

by reit.com posted 9months ago 55 views
A strong economy boosted the fundamentals for commercial real estate in the spring. The economy had a growth spurt, as GDP surged to a 4.1 percent annualized rate in the second quarter. Job growth has been robust so far this year, with payroll employment averaging monthly gains of 215,000 year-to-date through July, the fastest sustained pace of hiring since 2015. The economy is enjoying above-trend growth, with some boost from last year’s tax cuts, which supports demand for nearly all types of commercial real estate.

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