“On the other hand, Florida is a large consumer of health care services, owing to the fact that its average age skews higher than most states,” Muoio says. “Because of that, changes to the Affordable Care Act that push more costs down to the consumers or the states would hurt Florida more that it would on many other states.”

Wonder how a Trump presidency could impact the commercial real estate market? Read my recent column.

MIAMI—One would think electing a real estate billionaire who has seen the ups and downs of cycles and even bankruptcies along the way would sooth the minds and hearts of commercial property players. But not everyone is completely settled just yet.

Peter Muoio, Chief Economist at Ten-X Research, has some interesting insights into this phenomenon. As he sees it, Donald Trump's election as president has brought a fair amount of uncertainty to commercial real estate, both in both Florida and nationally.

“Since South Florida is a high-immigration locale, any clamp down on immigration flows could have an impact on the region's demographic—and therefore economic—expansion,” Muoio tells GlobeSt.com. “Less certain is the effect on cross-border capital flows from Latin America into the area.”

Muoio points to the significant infrastructure programs, which have been discussed, and says these would be felt across the country, including within Florida. But, he adds, the Sunshine State is not likely to receive disparate regional impact.

“On the other hand, Florida is a large consumer of health care services, owing to the fact that its average age skews higher than most states,” Muoio says. “Because of that, changes to the Affordable Care Act that push more costs down to the consumers or the states would hurt Florida more that it would on many other states.”

Wonder how a Trump presidency could impact the commercial real estate market? Read my recent column.