Via CitzBizRealEstate Atlanta, commercial real estate services provider Cassidy Turley recently analyzed the election results, and opines that the chances for major changes are not very great, noting that “divided” governments of the past have seen growth in government spending and the size of government… And they feel that the nature of this “lame duck” government will not be positive for business. However, they do feel that almost 4 million office jobs will be created over the next 5 years. And introduction to the report begins:
Since World War II, the US House of Representatives has changed political parties seven times. Last week’s mid-term elections turned the shift of political power for the next two years in favor of the Republican Party in the House. With a divided Congress and opposing political parties controlling the Executive and Legislative branches, there are numerous implications for commercial real estate. Cassidy Turley Research provides a brief outlook on the mid-term elections in relation to federal debt, legislation, US employment, and the commercial real estate markets.
For a link to the entire report, click HERE. What do you make of their assessment?
