The hope was that 2025 would be the year that the volatility in the commercial real estate sector would start to end. That still might be the case — but it won't come without some headwinds, as President Donald Trump has imposed new tariffs of 25 percent that will impact all imports of steel and aluminum.

This is something similar to what Trump did in his first term, with The White House on Tuesday noting that the latest move aims to "protect the American steel and aluminum industries from unfair foreign competition."

HOW MUCH MORE DEVELOPERS CAN EXPECT TO PAY

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
NOT FOR REPRINT

© 2025 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.

National