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How to Get Ahead of the Economic Cycle
The clock on this economic cycle is ticking. Unfortunately, it’s impossible to know exactly when the alarm will sound. But, with the current expansion lasting nine and a half years, we almost surely stand closer to the next recession than the previous one. During the last cycle, many got caught flat-footed—not just by the magnitude of the recession, but by its timing. Even without a perfect crystal ball, we can look at previous downturns and glean useful information that can help the commercial real estate industry prepare for the eventuality of the next downturn.
The prospect of an outright recession in 2019 looks low, but a slowing in the economy looks increasingly likely. Commercial real estate could face challenges that it has not encountered in a few years, even without a technical recession. Thankfully, property professionals can at least consider several key things now to prepare for any slowing or disruptions in the market.
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