Richard Barkham, EA’s Chairman and CBRE Global Chief Economist, recently addressed the National Association for Business Economists regarding the economic cycle and its current implications for commercial real estate. As EA has consistently been at the frontier of thought leadership for commercial real estate, we thought we would share his slides and his thoughts to the broader community.
The mall is one of the most successful business models of all time, so its recent loss of traction in the marketplace has caused concern in the U.S. retail property sector. There has been a tendency to attribute the lack of growth to online sales and concomitant growth in the logistics sector, but is e-commerce really the juggernaut of popular perception?
One piece of economic news went relatively unnoticed in the lead-up to the Fed’s December rate-hike decision: South Korea’s central bank, the Bank of Korea—often considered a bellwether of interest rates in Asia—had already raised its benchmark rate at the end of November.