For the next two years, the US will have a divided Congress, with Republicans hanging onto a slim majority in the House of Representatives while Democrats snagged similarly slim control of the Senate.
And "barring a major crisis, a divided Congress suggests there will be gridlock…basically, very little gets done," says Marcus & Millichap's John Chang. So what does that mean for commercial real estate investors?
"Although federal government intervention can be very important in times of crisis and significant policy changes can reshape the economy, there are times when taking a breather can be a good thing," Chang says. "And from a CRE standpoint, I'd suggest we are in one of those times. I fact, historically speaking, having a multiyear runway with few changes on the radar screen has favored commercial real estate."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
