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PERE U.S.: Roundtable 2019
However, the scene on the ground is much less foreboding. The Federal Reserve cut interest rates twice during the summer and the economy remains unmoved by political uncertainty, with GDP growth continuing at 2-3 percent annually and unemployment steadily below 4 percent. The commercial property market, meanwhile, has enjoyed high occupancy rates, steady rent growth and return prospects that – while tempered compared with recent years – remain strong relative to other markets.