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CBRE: Biden Agenda Has Many CRE Implications
With Joe Biden the presumptive winner of the 2020 presidential race, the extent to which he’ll be able to carry out his agenda depends largely on the results of two upcoming Georgia runoffs that could determine which party controls the U.S. Senate, says CBRE.
“Should Republicans retain control of the Senate, Biden’s ability to enact his program would be constrained,” according to a U.S. MarketFlash on the implications of a Biden presidency for commercial real estate.
Conversely, a Democrat-controlled Senate could pass a bigger-ticket relief package than the Republicans would enact. Such an upsized stimulus package could boost real estate demand in the near term.
Longer-term, CBRE says, “full Democrat control of the executive and legislative branches would also likely mean major changes to trade policy, taxation, discretionary spending, housing, education, healthcare, environmental regulation and broader regulatory policy. All of these would have implications for commercial real estate.”
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- ◦Economy
