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Something shifts in October. Maybe it is the end of the baseball season. Maybe it is the suddenly chilly mornings and that nip in the air. We start taking stock of the year. And all things considered, it has been a good year so far for the U.S. economy and the property markets. Going into the holiday season, consumers’ confidence levels are giving hope to retailers that spending will match the optimism. That certainly means continued good news for the industrial sector, already basking in the glory of yet another year of stellar performance. On the other hand, stagnancy seems to be the retail sector’s cross to bear. The office sector has shaken itself out of its torpor from the first half of the year to post some solid demand numbers for Q3. The apartment sector is likely to end up with decent performance this year, though the downward trajectory in rents and occupancies is unmistakable at this point. Property markets are reflective of the general state of the economy and signal that the cycle, though mature, still has legs.
Source : CBRE Global Investors
