WASHINGTON, DC-Adding to the chilling effect of government uncertainty on development that a newly published NAIOP Research Foundation report cited, Congress and the Obama administration have continued their showdown—or standoff—on the partial federal government shutdown into a second week. This will be followed by a likely battle over raising the debt ceiling. Neither event is making an immediate mark on CRE, but NAIOP president and CEO Thomas Bisacquino tells GlobeSt.com that the overhang in terms of business confidence will be with us for awhile.

“A government shutdown doesn’t immediately impact commercial real estate, because CRE is such a long-term play,” says Bisacquino. “If we’re partners in a development project and the project is moving forward, it doesn’t immediately put ice on our confidence.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 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.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.