The Recent Growth in the Economy May Indicate Future Trends within the Office Leasing Market
This is a Press Release that has been written after the release of recent investment and public spending statistics. Trends and market forecasts have then been estimates using these figures in order to determine if the market is likely to change in the next few months. Findings have been included, i.e. statistics and expert opinions and quotes.
- Dallas, TX (1888PressRelease) September 09, 2010 - The country's economy expanded at an even faster pace in this quarter than previously expected. This is the case as growth has reached a rate that has not been achieved since the nineties, which could indicate that the office leasing market may also see improvements.
Statistics have been taken nationally and they indicate that gross domestic product has significantly grown within recent months, unexpectedly increasing beyond previous estimates and forecasts.
This one increase has been the largest increase in recent memory; a statistic that is in part due to increases within the construction industry, specifically commercial construction projects. As a result there will be a lot more office buildings, which will be more than ideal for start-up companies.
With the last couple of weeks this statistic has risen even further as the corporate sector has seen an increase in profits; which contradict earlier forecasts and reports from financial advisers for specific sectors and the entire county as a whole.
Although, most financial experts are warning that the approaching financial quarter is likely to demonstrate a significant increase in the recovery rate and therefore any future gains on a scale similar to recent developments is highly unlikely.
An Economist, Steven Hall, said, "Even though the rate of expansion in the financial quarter, as a whole, seems highly unlikely nevertheless possible that the county may still increase its economic figures and achieve an extremely respectable level of output."
If this assessment is accurate then the country as a whole will witness a decline in unemployment figures as companies grow and expand their workforce. This type of growth will therefore be beneficial to the office marker as it could mean that office vacancy rates will decline because more and more companies will be taking new premises.
As a result, business will undoubtedly take these statistics as a way to predict the future for the market and will then use this data to make decisions about their company. Although, many financial experts are warning against this as the economy may swing back around again or just level off.
Peter West, a financial advisor within the media, said, "These figures are very encouraging, especially when taken together with more recent evidence which show a very strong increase in high street spending. But with predictions that measures of frugality just around the corner, many financial advisers are suggesting caution as the recent set of statistics are perhaps all that we can hope for at this time, as a slower rate of growth is likely to be on the cards as we get closer to the end of the calendar year."
This assessment has also been reached by Jack Kazinsky who is an economic writer for the online magazine Finance and Politics Today - SEL. They said, "The figures, though robust, should be used with caution. As the GDP for the country shows that the financial recovery is, not as of yet, secured. Various industries are extremely unlikely to continue to grow financially as the as performance is monitored over the next quarter. That said, I have talked with many companies that have decided to take Chicago office space and upon initial assessments they seem to be thriving."
If these findings are accurate then businesses should take the time to see the overall market outcome and only then can they make an informed decision about the future of their business. They should not act based upon a current estimate of the economy as it will no doubt change several months down the line. Instead a company should determine how their company needs to evolve but more important whether it could still function if the economy was to change drastically.
For more information see following link:
http://www.office-suites.com/Chicago-executiveoffice
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