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