As forecasted, November’s retail sales did not meet the forecast. This is a slow down after the previous two months of consumer spending. The information did not sway the Federal Reserve’s plan to raise interest rates this week for the first time in a year.
The Federal Reserve announced they would raise interest rates between 0.5 and 0.75%. Their decision was based off stronger labor markets, nearly 2.0% inflation and an optimism for the American economy. Commercial real estate insiders say this was long expected and will likely have very little impact on borrowing rates.
Growing wealth inequality bodes well for the commercial real estate market. Commercial properties offer attractive investment opportunities for individuals with money. Learn more about this emerging commercial real estate trend by downloading the full PDF from nreionline.com.