Real estate has always been a good investment opportunity in Connecticut. There is a lot of room for growth, and investors tend to have the option to get out before things crash. Looking ahead to the new year, predictions are strong for 2020. There are many factors that help to boost this industry and keep it on the same track it has been for the past couple of years.
While economic growth is slowing, it is expanding and experts say it will hold firm enough to make commercial real estate stay as a top investment opportunity. The interest rates are still low, consumer spending is strong, capital flows are increasing and inflation is low. These all add up to a good atmosphere for the market.
Experts even suggest that a recession, which many people fear, is not likely because experts say the risks seem minimal. There is the possibility for some impact due to the upcoming presidential election, trade negotiations and weaknesses in the manufacturing sector, but even accounting for these risks, experts predict the market will avoid a recession. This leaves the commercial real estate market strong and ready for investors to make their move.
They predict that 2020 will be one of the strongest years with forecasts of $478 to $502 billion in investments in the U.S. Investments is a range of commercial properties, such as retail, office space, multifamily housing, industrial buildings and data centers, should go through next year. Such investments will help to keep the industry strong and on track for another wonderful year.
Source: National Association of Realtors