There's a tremendous amount of uncertainty going into the new year, which makes it difficult to predict how the CRE climate will evolve, said John Chang, national director of research and advisory services for Marcus & Millichap.
National policy, tariffs, immigration policy, budget proposals and tax laws all could impact economic growth, international trade, job creation, inflation and interest rates in the near term. However, looking out over the next five years, three CRE trends are apparent, he said.
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