The messages are mixed when it comes to the impact of President Joe Biden's first 100 days in office on commercial property markets, according to a recent analysis from Cushman & Wakefield.

President Biden's $1.9 trillion American Relief Plan has lifted near-term growth forecasts, with median real GDP predictions being revised upward to 6.2% since December.  While inflation is expected to increase modestly, the Fed also is maintaining what C&W analysts call "a highly accommodative monetary policy," and the debt markets are functioning well as huge amounts of capital are set to be deployed across asset classes.

And thanks in part to the Biden Administration's most recent round of stimulus, certain sectors of the economy—including retail—are picking up. C&W's analysis of the most recent economic data on retail sales and job growth shows that March was one of the strongest months on record, and households have a record amount of dry powder on hand heading into the summer months, with an estimated $2.6 trillion in COVID-era savings ready to be unleashed on the economy.