The net lease market is expected to bounce back after a relatively slow beginning to the year, according to a national report released by Calkain and Sage Policy Group.
“Economic prospects, which had looked quite promising beginning the year, are now moderating,” said Anirban Basu, Chairman and CEO of Sage Policy Group.
“After a slow Q1, and a pick-up in activity thus far in Q2, we have cautious optimism for an active remainder of the year,” stated Jon Hipp, President and CEO of Calkain.
The report emphasizes a problem with measures of confidence, which are considered soft data. Often they do not alight neatly with hard data. An example in the report explains, even as confidence surged among businesses and households, the economy managed to expand just 1.2 percent on an annualized basis during the year’s initial quarter. See the full report on Calkain’s website.
Looking ahead, the industry should expect a decent level of growth for the remainder of the year, according to the report. The belief that there will be tax cuts during the next four years has boosted confidence. Consumer spending is expected to pick up in the latter half of the year along with business spending.