U.S. Economic News
January 24, 2020
U.S. News
The Wall Street Journal reports that new warehouse construction in North America is expected to far outpace demand over the next two years, a positive development for tenants seeking better rents but raising concerns about overbuilding. Vacancy rates are still historically low as e-commerce continues to grow, but are forecast to rise to 5.2% by the end of 2021 from 4.6% at the end of last year. WSJ
According to the Financial Times, business activity in the eurozone remained unexpectedly weak in January as a mild improvement in German manufacturing activity was offset by service-sector weakness in France. Eurozone growth is expected to remain subdued in the near term, with concerns about a developing U.S.-E.U. trade battle adding to economic anxieties. FT