2024 Q3 Economic Report
GDP GROWTH: The U.S. economy turned in another solid performance over the summer as healthy consumer and government spending caused the third-quarter gross domestic product to rise at an annual rate of 2.8%, the Commerce Department said. “All this growth is happening with unemployment holding steady at a low near 4% and inflation moderating to the Fed’s 2% target. It is hard to see the economy performing better,” said Mark Zandi, Chief Economist at Moody’s…
2024 Q3 North America Market Report
INDUSTRIAL OVERVIEW: U.S. DEMAND SPIKES, CANADA FLAT Industrial demand across the United States dramatically improved in the third quarter but growth remained flat in Canada with net absorption gains for warehouse-and-distribution properties falling from record highs a year ago. There were 52.8 million SF of positive net absorption in the U.S. in the third quarter, a 76% jump from the same period a year ago and more than double the 23.9 million SF of growth…