Keep on Keeping on

By Stephen L. Burger, CPM, CRX, CRM

Tired of political polls? It seems that every time a candidate sneezes (or has a coughing fit), a new set of polls comes out, tracking in minute detail the ups and downs in the candidates’ popularity as spinmeisters from both sides read grand meaning into small upticks and dips.

Much the same is happening on the economic front, and we can’t seem to get away from predictions of how strong the economy is (or how weak it is!) despite mixed signals that defy any consensus. We saw this occur earlier this year, when, in May, a paltry 38,000 new jobs were posted by the Bureau Labor Statistics.

The economic spinmeisters were at it in force, trying to read the tea leaves and strain from them a signal that the recovery, as bumpy as it has been, was over.And then June saw a 287,000-job surge in employment, quieting the fears.

In our news section, we try to keep our readers apprised of the latest statistics, as we did, for instance, today, with our report on the gains made recently in the office sector. But we do so without embellishment or hysteria, one way or the other, and without grand predictions of what this will mean a year, or even six months, down the road.

The office market, as you will read, is doing well, with an expected vacancy rate of 14.6% by yearend. Good but not spectacular. But any forward movement is positive, and we’ll accept it happily.

What we’re not going to do is predict how this movement will translate into 2017 activity. We have a notion that next year will be softer than 2016, but we’re not advising anyone to take that to the bank. And frankly, no one knows.

The best you can do is hold the current course in your daily business decisions, as always keeping an eye on possible shifts in the outlook (and for this, we can thanks the pundits) but not let it freeze us in our tracks.

Caution, in fat times and lean, is always a smart approach. With that watchword as your guide, all you have to do is keep on keepin’ on.

Steve Burger, President
SteveBurger@ebmc.com
EUGENE BURGER MANAGEMENT CORPORATION

As president and COO of Eugene Burger Management Co., Steve Burger is directly responsible for the overall quality, depth and consistency of management services provided in all 15 regions in the EBMC coverage map.

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