Job Creation Hampers Outright Optimism for Commercial Property Market
Monday, January 31, 2011
Source: Globe St
Globe St reports: In a recent synopsis article of Columbia Business School and Goodwin Proctor’s Real Estate Capital Markets Conference in New York City on January 28th, GlobeSt.com columnist Paul Bubny described the remarks by keynote and panelist speakers on commercial real estate trends as decidedly positive. Reasons for “cheer” include “debt and equity becoming more available from a variety of sources, low interest rates, an uptick in the GDP.”
However, job creation remains a major drag on not only commercial real estate, but the broader economy that drives trends in that sector. Panelists has suggestions for policy-makers on how to spur job growth, including important reforms to tax law. However, Real Capital Analytics’ global chief economist Dr Sam Chandan expressed as a panelist speaker that those efforts may be hard to achieve in a timely manner. Dr Chandan described the conference keynote speaker Alice Rivlin’s bipartisan plan for tax reform as “extraordinarily far-reaching” and instead opined for other ways to boost job creation in the near-term.
For more on the panelists’ thoughts on tax reform, policy direction in Washington, DC, and how it may affect the job creation necessary to ensure solid positive trends in the commercial property sector, please see the entire article on GlobeSt’s site.
View the full article on Globe St: Job Creation Hampers Outright Optimism for Commercial Property Market
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