Failed Debt Deal, International Events to Impact CRE

Congress's failure to reach an agreement on a debt deal has created gridlock and political animosity that are negatively affecting commercial real estate tenants—and the gridlock could last for another year, leading up to the presidential election. The commercial real estate industry has traditionally reacted poorly to economic uncertainty. And the failure of the so-called supercommittee to reach a consensus is damaging various commercial real estate markets, stalling lending, development, sales-investment, and leasing markets, say experts.

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