📉 CRE and the Election: What’s at Stake? 🏗️

🏢 How Election 2024 Impacts Commercial Real Estate 🗳️

November 04, 2024•4 min read

🏢 How Election 2024 Impacts Commercial Real Estate 🗳️

📉 CRE and the Election: What’s at Stake? 🏗️

Alright, folks! The big day is almost here—Election Day 2024! No matter who you’re rooting for, whether it’s former President Donald Trump or Vice President Kamala Harris, this election will have a ripple effect on the commercial real estate world. And if you’re in CRE, you’re probably asking yourself, “What does this mean for my business?” Well, let’s dive into the key issues and how this election could shape the industry in the years to come. 👇

The Usual Election Year Slowdown? Not This Time! 📉🤔

Typically, election years are thought to bring a slowdown in commercial real estate deals, as investors wait to see who wins. But guess what? Data says otherwise! Deals tend to hold steady despite the election buzz. However, 2024 isn’t your typical election year. With inflation sticking around, interest rates staying high, and lingering post-pandemic uncertainties, things are different. The usual “wait-and-see” approach? It might just be more like “wait and worry” this time around! 😬

Economic Policy and CRE: Who Will Lead? 💸🏗️

Let’s be honest—CRE is a multitrillion-dollar industry that dances to the beat of economic policy. And the economy is front and center in this election. Both candidates have different views on issues like taxes, interest rates, and trade policies, and these will all play into the health of the CRE market.

Trump is all about deregulation and lowering taxes, which could encourage more CRE investment by easing restrictions and cutting costs for developers. Harris, on the other hand, leans toward incentives, especially for housing, with tax credits and subsidies aimed at addressing affordability. Either way, changes are coming that could shake things up for developers, investors, and property owners alike! 🏢💡

Housing Crisis: Both Candidates Want Change, But Take Different Roads 🏠🚧

One of the few things both Trump and Harris agree on? Housing costs need to come down. But their plans to tackle the crisis couldn’t be more different. Trump’s approach centers on loosening regulations, particularly around zoning, to spur more single-family home development. Harris is looking to incentivize developers to build affordable housing with tax credits and grants. For CRE, this means the future landscape of housing—single-family or multifamily—could look very different depending on who wins. And for those involved in multifamily projects, this is definitely something to watch! 🏘️

Project 2025: What Does It Mean for CRE? 🔮🏠

Project 2025 isn’t an official Republican platform, but it gives us a glimpse into the direction a Trump administration could take. One big takeaway? It leans heavily into single-family zoning, advocating against expanding multifamily developments. This could be huge for CRE, especially in urban areas where multifamily projects are essential to meet housing demand. Whether this approach will help or hurt is up for debate, but one thing is certain: zoning policies will be in the spotlight. 🌆

Affordability Issues: A Key Issue for Swing States 💵📊

Why is housing affordability front and center this election? Because it’s affecting voters in critical swing states where rent has become increasingly unaffordable. The average renter in these states is earning 17% less than what’s needed to afford median rent. With housing such a major concern, both candidates will need to address it to win over voters. And for those in CRE, changes in housing policy could translate to shifts in demand, tenant demographics, and rent stability.

So, What’s Next? 🗳️

As we head to the polls tomorrow, know that no matter who wins, commercial real estate is in for some changes. The market will continue to evolve, shaped by new policies and economic realities. For now, keep an eye on housing policies, tax changes, and economic plans—these will play a massive role in the future of CRE.

So, go vote! And stay tuned, because the future of CRE may look a whole lot different based on the results of Election 2024. Let’s get out there and make our voices heard! 💪

I’m an experienced Commercial Real Estate Broker, please feel free to reach me at 281-222-0433.

#Election2024 #CommercialRealEstate #HousingCrisis #CREInvesting #PropertyDevelopment #CREEconomy #Vote2024 #EconomicPolicy #AffordableHousing #FutureOfCRE

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