What Real Estate Could Expect From the Next Administration

Industry experts are keeping an eye on affordable housing, pandemic relief and other hot topics.

By Gail Kalinoski – originally published 11/12/2020 at https://www.cpexecutive.com/post/what-real-estate-could-expect-from-the-next-administration/

President Donald Trump has not conceded the race for the White House, but commercial property experts are looking ahead to 2021 and anticipating a Joe Biden administration and a divided Congress.

The scenario could be positive for commercial real estate, with increased emphasis on fighting the pandemic, boosting affordable housing, tackling infrastructure needs and possibly avoiding tax reform that could hurt investors, such as changes to 1031 exchanges and Opportunity Zones.

“(Next year) looks promising for the real estate industry,” said Ira Weinstein, managing principal & Opportunity Zones practice leader at CohnReznick.

“We can expect a measured level of stimulus that will focus on healthy buildings and short-term economic support that will buy some time among residential and commercial tenancy. Housing—and particularly affordable—has been a mainstay of the campaign platform and will be front-and-center domestic policy and that will support a major asset class with ripple effect. Wall Street seems supportive and that will mean short-term capital flow, while the focus on sustainability will bode well for the long term.”

Read the full article here: https://www.cpexecutive.com/post/what-real-estate-could-expect-from-the-next-administration/