From Cushman & Wakefield:
The year 2015 is expected to be the strongest of the recovery so far. Real gross domestic product (GDP) is forecast to increase at a 3.3% rate, roughly 50% faster than the 2.2% average since the recovery began in mid-2009.
■ The drivers of growth will be consumer spending, business investment and, to a lesser extent, housing.
■ Declining oil prices will be a net positive for the economy, boosting the income available for discretionary purchases and reducing costs in a wide range of industries.
■ But the decline in oil prices is also creating some risk to the outlook as countries that are major exporters of petroleum may
be faced with rising financial burdens.
■ This anticipated acceleration will have a strong positive impact on the U.S. commercial real estate sector, leading to higher demand in all major sectors: office, industrial, retail, multifamily and hospitality.