Key West Commercial Real Estate
Yield Ahead
February 12, 2019 | K.C. Conway, MAI, CRE--CIRE Magazine Jan/Feb 2019

Beware of potential speed bumps in 2019.

While the U.S. economy picked up steam in 2018 thanks to strong confidence from both consumers and businesses, commercial real estate professionals may need to brace for some speed bumps ahead in 2019.

Heading into the fourth quarter of 2018, consumer confidence remained elevated due to high levels of employment and business expansion. In fact, the U.S. posted a record high number of job openings in October, with more jobs available than unemployed people in the workforce, according to Job Openings and Labor Turnover Survey (JOLTS) employment data. Another key indicator, the National Federation of Independent Businesses Small Business Optimism Index, remains near record highs