Chief Economists: 2018 Could Be The ‘Best Year Of The Entire Expansion’
One year ago, researchers for the top commercial real estate brokerages in the country were at a loss for predicting what 2017 would bring under President Donald Trump. After a year of relative stability, optimism has returned for a big 2018 for property markets.
“I feel like next year might be the best year of the entire expansion,” Cushman & Wakefield Chief Economist Ken McCarthy said. “The U.S. economy seems to be picking up. With tax reform passing, you should see more investment. Europe is doing well, Asia is doing well. Next year could be the best year of the entire cycle.”