Economic Update: Uneven Growth & Market Resilience

The latest data from SVN highlights a mixed U.S. economy, with slowing GDP and consumer spending alongside easing inflation and a still-stable labor market. Hiring has cooled, but unemployment remains low, reflecting cautious but steady economic conditions.

In commercial real estate, performance is uneven: industrial assets remain strong, while office continues to struggle. Retail and multifamily are stabilizing, and property values have been more resilient than expected, reinforcing a theme of selective strength in a cooling environment.