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
Schedule for Week of May 12, 2024
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The key reports this week are April CPI, Retail Sales and Housing Starts.
For manufacturing, April Industrial Production, and the May NY and Philly
Fed man...
1 hour ago
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