The CRE Community Awaits a Biden Administration

This weekend, four days after the presidential election was held, several media outlets called the state of Pennsylvania for former Vice President Joe Biden. He had won its electoral votes and along with them, the presidency. President Donald Trump has not conceded and has promised to use legal action to contest the votes in several battleground states. It is debatable, however, how successful these efforts will be. Meanwhile, the nation still waits to see which party will take the Senate, with two runoff races in Georgia scheduled for January 2021.

And so the political contours of the next four years starts to take shape for the commercial real estate industry. Much will depend on the fate of the Senate, of course, but there are some areas that the industry can already guess will see change.