Kenneth McCarthy

VP, America Head of Applied Research

Phone +1 212 698-2502

Contact me

Consumers view their current situation very positively.

The high level of confidence in current conditions means consumers are comfortable increasing spending and, indeed, we have seen stronger spending growth over the past 18 months.

We expect continuing optimism to lead to further gains in retail spending in the balance of 2015 and into 2016, boosting retail, industrial and hotel commercial real estate demand.