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
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
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
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