Is the U.S. economy still on the rise, slowing or heading toward recession? Take your pick, because no one seems to know for sure. With predictions varying with each new report, uncertainty appears to be the only true constant.
For instance, the Federal Open Market Committee projects a slowdown in 2019 even though the GDP is still expected to increase by 2.3 percent. The Dodge Data & Analytics’ 2019 Construction Outlook predicts about $800 billion in new construction starts this year, staying essentially even with 2018 spending. For those who prefer facts over projections, we suggest a look at the current market. Here in New Jersey, commercial real estate industry leaders continue to report unprecedented industrial sector dynamics and improving office fundamentals.