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Cushman & Wakefield released a study on how shifts in immigration policy could impact commercial real estate and corporate occupancy, specifically. Known as the RAISE Act, the proposed legislation would impose the following changes and limits: A reduction in total legal immigration during the coming decade. A change in how immigrants are prioritized and granted access to the US. A hard limit on the number of refugees allowed to enter the country each year (50,000). Further, since 2000 the number of foreign-born workers employed in the US has increased by 42%, with management/professional occupations representing the fastest-growing category during that time (+75%). An estimated 3.5 million foreign-born residents work in the management and business field, a main driver of office demand. “Certain industries such as ours are likely to be disproportionately impacted by these proposed changes,” noted Cushman & Wakefield’s Revathi Greenwood, Americas head of research. “Legal, foreign-born workers fill 31% of buildings/grounds maintenance jobs and a quarter of construction positions. Limiting their access into the US would exacerbate the shortage of workers these sectors already face.”—Lisa Brown

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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