Despite some economic headwinds, U.S. commercial real estate could be on track to have a stellar 2020, according to a new report from CBRE, a commercial real estate servicer and investment firm. CBRE predicts “one of the strongest years on record” for the commercial real estate industry.
The sector could see between $478 billion and $502 billion in investments in 2020. That would put it on par with the prior two years, outpacing previous years.
The prediction includes money that would go toward multifamily housing, retail, data centers, office space, industrial buildings, and more.