The 2020 U.S. presidential election is fast approaching. Our Research team offers some thoughts on how the election might impact the property markets.
Who will win and what it means for property?
- Property has performed well under both parties. Since 1979, NCREIF property index returns have averaged better than 8.5% annually under various Democratic and Republican administrations.
- Rather than elections, the real estate cycle, the economy, interest rates, COVID-19 and geopolitical events are the areas to focus on in determining the near-term impact on the leasing fundamentals and property values.
- Longer-term, different administrations have different spending priorities that will impact where growth occurs across the nation and what industries have greater growth opportunity.
- The impact on property will lag the election results, but it will be important to “follow the money” to identify potential opportunities or risks.
Read more about how the 2020 U.S. Presidential, Congressional and Senate election results may impact property in our two-part series.