According to Cushman & Wakefield Research:
“Although the economy hit a soft spot in the first quarter, we expect stronger growth for the balance of the year to boost full year gross domestic product (GDP) growth to about 3.0% to 3.5%.
How fast the economy bounces back will be determined by consumers and their ability and willingness to increase spending. We expect a healthy rebound in consumer outlays in the second quarter.
As the economy resumes its strong growth trend, it will have a positive impact on commercial real estate markets across the U.S.”
Read the full report here.