Property has a long history of proving it can navigate policy changes and continue to perform well, which may be reassuring to the commercial real estate industry as the Trump administration transition proceeds.

President Trump signed a flurry of executive orders during his first hours and days in office. They were primarily aimed to change the country’s direction on several fronts, including on taxes, immigration, trade and energy, said Cushman & Wakefield chief economist Kevin Thorpe in a video analysis. Executive orders are not uncommon. President Biden signed 163 during his first year in office, President Obama signed 147 and President Bill Clinton signed 200.

“It’s difficult to know the precise impact of Trump’s orders because some of them are more symbolic,” said Thorpe. “Some of them will be challenged in the courts and most of them lack important details in terms of how they will be implemented and their timing. We will just have to see how this plays out.”