For the next two years, the US will have a divided Congress, with Republicans hanging onto a slim majority in the House of Representatives while Democrats snagged similarly slim control of the Senate.
And "barring a major crisis, a divided Congress suggests there will be gridlock…basically, very little gets done," says Marcus & Millichap's John Chang. So what does that mean for commercial real estate investors?
"Although federal government intervention can be very important in times of crisis and significant policy changes can reshape the economy, there are times when taking a breather can be a good thing," Chang says. "And from a CRE standpoint, I'd suggest we are in one of those times. I fact, historically speaking, having a multiyear runway with few changes on the radar screen has favored commercial real estate."
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