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Deficit commission’s proposals could hit commercial real estate

Posted on 02 December 2010

From CNBC: Just when you thought the commercial real estate market was finally on the upswing, new roadblocks to recovery may be lurking right around the corner. President Obama’s deficit commission recommended some steep cuts in Federal spending that could cut right through to real estate.
“The commission’s recommendations, if implemented, would be a sizable drag on commercial real estate in the short term as increased taxes and reduced government spending will have a cooling effect on the economy,” says Christopher Macke of CoStar Group, a commercial real estate analytics and data service provider……………………………………….Full Article: Source


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