Construction Dive
By Zachary Phillips

• The U.S. commercial real estate market will see prudent expansion in 2020, according to a new survey of North American brokers and industry analysts. The survey, conducted by Transwestern and Devencore Ltd., found that medical office leasing will be higher than in 2019 and will outpace leasing in the general office and industrial markets.
• Nevertheless, respondents said they were concerned about the growing costs of building out medical offices as well as changing healthcare regulations, which could impact how medical spaces are utilized.
• Slightly more than half of the 2020 Commercial Real Estate Market Sentiment Survey's respondents said they believe office rents will be higher in 2020, elevated by new construction deliveries. As for the industrial market, respondents said they were concerned about rising construction prices and lack of available land. However, in select markets, infill industrial construction is becoming more favorable.