Trump 2.0: The First 100 Days | United States

Inflation Expectations Consumers Worried About Prices

Impact on CRE

• Consumer inflation expectations have surged in the last month as tariff talk has escalated. • Notably, consumers expect that inflation will be higher — not just immediately, but also over the next five years. • Households take into account rising costs in their purchasing decisions; for example, we saw a surge in automobile purchases ahead of the tariffs since consumers expect prices to rise imminently. • Tariffs will soon send consumer prices higher, leading to more pessimistic sentiment and potentially less retail spending. announcements were already on the rise, and a consumer pullback will only dampen retail CRE demand further. • Industrial CRE demand will also take a step back as supply chains recalibrate to the more subdued spending outlook. • Retail store closures and bankruptcy

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One Year Ahead

Five Years Ahead

Source: University of Michigan

CONTENTS

CONTENTS

Cushman & Wakefield