President Trump and former Vice President Biden have wildly different economic agendas.
Under a Biden presidency, investors can expect a larger stimulus package to boost job creation, consumer spending and rent payments in 2021. That would improve the financial stability of small businesses and local governments, according to Marcus & Millichap's 2020 election analysis. Still, the new tax incentives and industry-specific investment could have market-by-market benefits.
Taxes could also rise on corporations and high net-worth individuals under Biden. Marcus & Millichap claims the capital gains tax rate could change investor behavior and drive accelerated sales before policy implementation.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
