After warning the industry about the potential impact of trade tariffs, geopolitics and tightening monetary policies, the latest Global Commercial Property Monitor issued by the Royal Institution of Chartered Surveyors shows a decline in negative sentiment for both investors and occupiers in the third quarter of 2018. The solid job growth and economic expansion have fueled investment globally. “Year-to-date, investment is up 7 percent,” Tarrant Parsons, economist with RICS, noted in a discussion with Senior Writer Alexandra Pacurar.
China, Hong Kong, Italy and Australia are among the more vulnerable markets, while the United States maintains its strength and stability. In 2019, global economic growth will continue to fade gradually, while retail could become the Achilles’ heel for the business, Parsons explained.