Relax.

Despite what you may have heard, no one is predicting a recession in 2020.

Economic tensions rise in election years.

Fears of policy changes and economic downturns mount.

But most economists agree no recession is ahead this year.

The area’s economy is positive with a low unemployment rate and a steady rise in population and residential growth.

One issue is the lack of office space for companies creating jobs.

Attracting new headquarters and recruiting college graduates will be crucial for continued office demand.

Due to space available in Columbia and positive growth in Lexington County and other suburban markets, it is expected to post positive activity through the middle of next year.

As space tightens, the office rental rates will likely rise for the available remaining spaces as tenants compete for office space that meets their needs.

• The overall Midlands office market absorbed 56,270 square feet from the 4th quarter of 2018 to the 4th quarter of 2019.

• There are less office-using jobs here than there were at year-end 2018. That indicates demand for office space is decreasing.

• The suburban office vacancy rate dropped slightly from 10.07% during the 3rd quarter last year to 10.02% in the 4th. The suburban markets average weighted rental rate increased to $17.20 a square foot during the 4th quarter.

Suburban rental rates averaged from $14.91 a square foot in Class C offices to $21.44 a square foot in Class A offices.