Commercial Trends: Office Market
With spring around the corner and warmer weather in the forecast, there are signs of brighter prospects on the horizon for a sustained economic recovery. Let's look at some good news first. Economic activity rebounded towards the end of 2009 at a faster than expected pace. Growth in real gross domestic product (GDP) posted a 5.9 percent rate in the fourth quarter of 2009. (This is the second estimate of GDP growth.) All components that make up the GDP - except for government spending - posted positive figures for the quarter. And while consumers maintained a cautious approach, they still increased their spending, as personal consumption expenditures rose 1.7 percent.
We also saw optimism in the broader economic recovery, illustrated by a higher level of business investments. In the fourth quarter of last year, investments jumped a significant 48.9 percent. The advance was underpinned by large expenditures....
Copy of Commercial Trends: Office Market
With spring around the corner and warmer weather in the forecast, there are signs of brighter prospects on the horizon for a sustained economic recovery. Let's look at some good news first. Economic activity rebounded towards the end of 2009 at a faster than expected pace. Growth in real gross domestic product (GDP) posted a 5.9 percent rate in the fourth quarter of 2009. (This is the second estimate of GDP growth.) All components that make up the GDP - except for government spending - posted positive figures for the quarter. And while consumers maintained a cautious approach, they still increased their spending, as personal consumption expenditures rose 1.7 percent.
We also saw optimism in the broader economic recovery, illustrated by a higher level of business investments. In the fourth quarter of last year, investments jumped a significant 48.9 percent. The advance was underpinned by large expenditures....