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The Nationwide Association of Realtors almost instantly met right this moment’s Trump administration tax reform policy announcement with outright rejection suggesting that the proposed modifications have been inserting ” home-possession within the cross-hairs ” and additional advised that the proposed tax adjustments would “nullify” the present tax advantages of owning a home. The retail real property statistics camouflage the modifications within the retail sector. Though the emptiness charge was flat for the quarter and the year, new tenants including grocery stores and gymnasiums are taking house formerly occupied by bankrupt companies akin to Kmart. On the same time, some retail space is shutting down fully or getting converted to different uses. Rent progress has been low but still constructive throughout 2017.
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