Confidence Among Small Businesses Rebounds
Confidence dropped in 4th Quarter as trade policy uncertainty, stock market volatility and rising interest rates clouded the economic outlook
Fed’s increasingly accommodative tone is lifting small business optimism
Businesses remain committed to expansion and hiring – a positive indicator for the economy
Optimism Directly Supporting Array of CRE Sectors
Expanding small businesses lease additional Office, Industrial, and Self-Storage space
Elevated business travel bolstering Hotel demand
Indirectly Supports Demand for Apartment and Retail
Small businesses employ nearly half of U.S. workers
Increased hiring and wage growth supports Apartment and Retail space demand drivers
