The following chart shows sales and office occupations per capita. I have added linear trend lines for the last four economic expansions.
Click to enlarge.
Can you say rolling over?
October 1, 2014
Calculated Risk: Reis: Office Vacancy Rate unchanged in Q3 at 16.8%
There will not be a significant pickup in new construction until the vacancy rate falls much further.
For what it is worth, I predict that there will never be a significant pickup in new office construction.
Source Data:
St. Louis Fed: Custom Chart
Thursday: Q1 GDP, Unemployment Claims, Pending Home Sales
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Thursday:
• At 8:30 AM ET, *Gross Domestic Prod...
7 hours ago
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