SVN® International Corp. Economic Update – Keeping our clients up-to-date about the latest real estate landscape trends.
The April 2025 economic update shows rising uncertainty across the U.S. economy. The Leading Economic Index dropped again, and consumer sentiment hit its lowest point since mid-2022 due to tariff concerns and weakening confidence in jobs and income. The Fed’s Beige Book reported mostly flat activity, with trade policy weighing on business decisions. Still, retail sales and durable goods orders jumped in March, suggesting short-term strength despite broader concerns.
In real estate, commercial property prices saw slight gains, led by industrial and multifamily sectors, while office and self-storage declined. On-time rent payments by independent landlords improved, reaching their highest rate in nearly two years. Grand Rapids, MI, and several New England cities led the nation in rental occupancy, with many markets still over 95% full. As uncertainty around rates and inflation continues, the market outlook remains cautious but active.
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