Cushman & Wakefield's global chief economist, Kevin Thorpe, said synchronized economic growth worldwide is signaling continued strength ahead for the commercial real estate industry. "Build more," he advised those at a C&W State of Real Estate conference last week in Toronto.
“The demand for commercial real estate will remain healthy in most markets and most product types,” Thorpe said. “And I can say that with some degree of confidence because the world economy is already accelerating. In fact, there's never been a year when the global economy has grown and demand for commercial real estate space didn't also grow.”
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