1) Industrial vacancy to peak just above 7%
Even after white-hot growth industrial rents are expected to stay steady with vacancies peaking within the year.
2) Consumer spending stays strong for services, travel and recreation
You can’t keep the U.S. consumer down. Spending patterns look constructive for hospitality, leisure and experiential real estate.
3) Still not building retail
The death of brick-and-mortar has been greatly exaggerated. As any retail broker will tell you: “You can’t get your haircut online!” Yet, retail construction starts are still well below the historical average, a positive trend for existing assets that are experiencing record low vacancy and robust rent growth.
