According to a recent Cushman & Wakefield Economic Update:
“We are nearing the end of the longest period of easy money in U.S. history. The return to a more normal interest rate regime may begin as early as Spring 2015. When it does, there may be some bumps in the road for the U.S. economy and the commercial real estate sector.
After the Federal Open Market Committee (FOMC) announced no change in its gradual approach to monetary policy, interest rates will likely remain in a holding pattern over the balance of the year.
Next year, interest rates are expected to increase and the rise could be substantial, depending on the performance of the economy.”