WASHINGTON, DC–The nation waits, anxiously, eagerly, impatiently for the results of the US presidential election. The differences between the two candidates are vast and, in almost every area, their policy positions are almost polar opposite.
For the District and surrounding region, there is one more issue on the list: how would the area fare under a Clinton Administration or a Trump Administration. JLL has done a breakdown of the issues. Namely, what would happen with sequestration — aka the Budget Control Act — which has been in effect for several years now. There is no doubt sequestration has hurt the region and the area's CRE community. JLL calculates it has led to a peak-to-trough decline of 26,700 federal jobs, or a 6.9% reduction in the workforce.
A Shifting Tenant Composition
Both presidential candidates support repealing sequestration — however, the tenant composition of the region is likely to shift depending on which candidate assumes control of the White House, JLL has concluded.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
