Cushman & Wakefield: Property Markets Will Receive Boost under Trump Administration in 2017

by Katie Sloan

New York City — Following a turbulent year in 2016, the U.S. economy and property markets are positioned to perform well in 2017, according to Cushman & Wakefield’s U.S. Macro Forecast.

Although it will take time for policy to form, Cushman & Wakefield expects that President Trump, alongside a Republican-controlled House and Senate, will deliver fiscal stimulus measures that will further boost the U.S. economy and property markets. That said, some of the expected growth in fiscal policy will be negated by tighter monetary policy, higher interest rates, higher inflation and more global volatility, according to Kevin Thorpe, global chief economist at Cushman & Wakefield.

Cushman & Wakefield forecasts the U.S. real GDP will grow by an upwardly revised 2.3 percent in 2017, and will hit 3 percent in 2018.

Kristin Hiller

Click here to read more, including a forecast for the office, industrial and retail sectors and transaction volume on REBusiness Online.

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