|Courtesy of National Post News|
Who will it be, Obama or Romney? Have you already decided
who to vote for the next presidential election?
Have you thought of the impact it will have in your
business, in your life, in your future?
Regardless of who the winner is, there’s a long controversy
on what will be the impact on commercial real estate.
Kevin Hackett, president & CEO, Rockefeller group: The election will lead to an increase in market activity in the short
. Investors and companies
that were delaying decisions will begin implementing preconceived strategies
and watch Washington for cues on policy direction.
Joe Harbert, President Eastern Region Colliers
International: We are a polarized nation that needs to reach for the middle and start
to solve some of the big issues we all know we have. Job creation. Growing the economy. Tackling the deficit. Education.
Energy. Progress on these issues will only come if we enter into a new,
more bipartisan era.
E. J. Burke, Vice chairman, Mortgage bankers association: the outcome is likely to have the most impact on taxation, especially private
equity carried interests, and housing reform/multifamily finance. This will
affect the flow of capital into commercial real estate and, in turn, impact
Based on the last presidential elections, we do believe that
there will be an increase in the market activity as many companies postpone
their office search
until after the elections, same as constructors who postpone
their projects until they know what to expect from the future.
For now we must wait until November 6th
who the new president will be and the impact it will have in our lifes and our business.