Tax Reform Could Create A Tailwind For Real Estate In These Coastal Markets
Source: bisnow.com | Re-Post MNM Partners. 3/23/2018 –
“The overall economies and commercial real estate outlook of both high- and low-tax states and regions will benefit from tax reform,” Cushman & Wakefield Head of Capital Markets Research David Bitner said in a statement.
Most corporations will receive an overall tax benefit of $330B over the next 10 years, which could spur new business creation, additional investment in existing businesses and attract more capital spending into the U.S. from abroad, according to the report. Business investment is expected to rise by 140 basis points this year. Much investment centers around intellectual property, meaning knowledge-center markets, which have prominent universities and a highly skilled employee base, stand to gain an additional influx of investment.
“Knowledge markets continue to be the focus of a lot of capital and where [people] want to live and work,” Bitner said during an interview. “So much economic activity is going to be happening with Silicon Valley and New York at the forefront.”