2020 should be another year of office-using employment growth and, consequently, another year of higher office occupancy and rents, reported CBRE.
U.S. economic growth has been enhanced by the health and optimism of consumers, buoyed by a record-high stock market, rising home values and stronger average wage growth. Consumers drive about two-thirds of economic activity in the United States, generally offsetting any reduction in business confidence from global trade tensions and geopolitical concerns.
Technology centers will once again defy their high-cost and tight-labor constraints to lead office-using job growth in 2020. Markets in business-friendly environments with low costs and a standard of living that supports strong demographic growth also will attract many jobs. These include the Texas juggernauts of Dalla