The U.S. economy continued to grow at a steady pace in the third quarter of 2019, adding approximately 470,000 new jobs, of which 140,000 were in the key office-using sectors. Consumer confidence, while off recent highs, remains solid indicating shoppers are still optimistic. As of September, the unemployment rate is at 3.5%—the lowest since 1969.
Cushman & Wakefield’s Emerging Trends in Property Management Webinar - Join Cushman & Wakefield on Tuesday, October 29 at 1:00 p.m. CT for a discussion on the 2020 U.S. economic outlook and factors driving emerging trends in building/property management.
The Rise of Walkable Urbanism
USTs are down 30-40 bps in the last two weeks primarily driven by an escalating trade war between the US and China that has spread from tariffs to currencies and secondarily by the "insurance" cut by the Fed. There are varying opinions on why the Fed cut rates including trying to keep the economy going and inflate inflation to reaction to the debt markets given how low long term rates are or a continuously weakening global economic data. Unfortunately for the Fed, long-term interest rates have fallen further than their short-term rate cut, inverting the yield curve to an even greater extent. The last time the Fed cut rates while the market was thriving was January 1996 which extended economic growth for another 2-4 years.
Science fiction? Or Reality? 3D printing, delivery bots and platoons of driverless trucks are transforming how goods are manufactured, shipped and distributed. Tech Disruptors and the Supply Chain, Part 4 of Cushman & Wakefield’s Tech Disruptor Series finds that industrial facilities will increasingly be built for both humans and robots.
Urgent care centers provide immediate care, screening and diagnostic services along with walk-in, extended-hour access for acute illness that is beyond the scope or accessibility of the typical primary care practice or clinic. Particularly in rural areas where full-scale hospitals have disproportionately been closing in recent years, UCCs are exploding in popularity. They represent another option in the evolving and diversifying healthcare system, along with other offerings experiencing similar growth such as retail clinics, critical access hospitals and micro-hospitals.