RISMedia
A recent forecast out of the Urban Land Institute (ULI) presents a modest growth scenario for the economy, as well as the real estate industry in the commercial sector.
The ULI Real Estate Consensus Forecast, a semi-annual projection based on survey responses, anticipates commercial real estate will see $450 billion in transaction volume in 2017 and 2018, and $430 billion in transaction volume in 2019—figures above the historical average. On the economic side, the forecast expects GDP to grow a “healthy” 2.3 percent in 2017 and 2.6 percent in 2018, then shrink 2 percent in 2019.
