There is a lot of fear in the market about potential tax increases coming this year under the new Biden administration and a Congress controlled by Democrats.
But Richard Barkham, global chief economist and head of Americas Research at CBRE, doesn't see this as an immediate threat.
"I certainly think that it would be unlikely that we would see those tax increases in 2021 because, although we're optimistic about the economy, until this virus is defeated, it is still very much touch and go," Barkham said on CBRE's "The Weekly Take" podcast.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
