Slow But Steady

Slow But Steady

Although far from the 2007 peak, preliminary sales transaction volumes for the third quarter came in well above the 2009 trough levels with recent data showing strength in apartments after a July lull; increases in suburban office related to medical office portfolio activity (CBD preference is still strong); growth in industrial outside of flex; and weaker retail overall, but modest gains in malls outside of strip malls. Expect overall U.S. sales transaction volume growth to decline from 60 percent + in 2011 to around 10 percent for full-year 2012; while growth is slow, it remains positive in a more challenged macro-economic environment. Tech and energy are a few of the growth drivers for 2013 and beyond as outlined in Jones Lang LaSalle’s recently published Cross Sector Outlook.

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