As the term “global economy” continues to be part of the business lexicon, it’s important to know what’s happening in other parts of the world and what is impacting the commercial real estate market in the U.S. and in our own backyard.
With the technology available, finding that information is just a key stroke away.
The Global Market Reports for Q3 2105, produced by Cushman & Wakefield Research and released this week, offers a global map where you can access the latest MarketBeat reports from cities around the world.
What happens in China ultimately will affect supply chain networks that involve Metro Phoenix and Arizona. Some economists are fearful that global headwinds, particularly slow growth in China, might derail steady and modest growth the U.S. has seen in the past year. Heading into 2016, economic indicators are blowing in favor of a different story.
This should bode well for U.S. retailers during the current holiday season. A Cushman & Wakefield analysis also showed that U.S. retailers have reason to be optimistic. Lower unemployment, a drop in gas prices and a predicted spike in consumer spending are expected to boost retail sales by 4.1%.
For those worried that the volatility of the Chinese economy could put the skids on U.S. economic recovery, two industry giants have two words: “Don’t worry.” In a Q&A session at ULI’s Fall Meeting in San Francisco, both said China’s “economic deceleration is not as big of a worry as it might seem to jittery Wall Street investors.”