Despite January's roller coaster, Cushman & Wakefield is predicting a positive 2016, anchored in large part by the industrial sector.
According to the firm's US Macro Forecast, office space absorption will hit 75M to 85M SF next year, with industrial vacancy set to hit 7% in 2016—among its lowest levels ever.
Record-breaking drops in oil prices—not to mention China’s slowdown—caused a 9% drop for the Dow Jones and S&P 500 indexes in January, causing concerns about a potential economic collapse (although the stock market's got an awful track record with recession predictions.)
“Economic turbulence at the start of a new year is nothing new,” Kevin Thorpe (pictured), Cushman & Wakefield’s chief economist, says. He goes on to say that volatility drives capital flows back to the US "with a refocus on core assets, and that is happening again.”
