*This scenario is designed to incorporate the central tendency of a range of baseline forecasts produced by various institutions. Cushman & Wakefield Research views this scenario, often dubbed as a soft landing, as an “upside scenario” relative to our baseline scenario. The probability can be interpreted as the economy having a 25% chance of performing as well as or better than this scenario, and a 75% chance of performing worse.
Sources: U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federal Reserve, U.S. Census Bureau, Moody’s Investor Services, U.S. Energy Information Administration, CoStar, NCREIF, Cushman & Wakefield Research