Jul 8, 2021
In this special episode, we talk with Paul Hendershot, Senior Director of Market Analytics at CoStar who delivers a comprehensive mid-year economic update and forecast for the commercial real estate industry. He provides a broad perspective on the national recovery; where we've been, how the first half of 2021 is shaping up and what's in the forecast for the 2nd half of the year. In today's episode, Paul focuses on three asset classes (office, industrial, and retail) and shares his insights on what's going on in the national economy.
Key Discussion Points
[00:17] Welcome and introduction by Eric Odum
[02:18] The economy is turning a corner
[02:53] Employement outlook
[04:20] eCommerce outlook
[05:16] U.S. office market outlook
[07:26] Sublease space outlook
[10:42] Industrial market outlook
[14:38] Retail market outlook
[17:01] Summary of economic outlook