Economics, elections, and the art of evading doom loops

Co-host Cole Perry, shares insights he gained from the recent NAIOP CRE.Converge and Groceryshop conference. Discussion then turns to economic indicators covering NFIB Small Business Optimism Index, labor market, and the potential impact on inflation from the latest CPI and PPI releases. With US elections looming, Omar and Cole also touch on potential implications for CRE.The team then welcomes special guest Sandi Prendergast, from Altus Group’s Tax Research team. Together, they dig into property tax with a deep dive into the complicated world of 'doom loops'. Sandi helps to unravel what doom loops are, how they can affect both CRE property owners and the local community, and how state and municipal governments can avoid them.Key Takeaways:(01:14) Conferences recap: NAIOP CRE Converge(02:55) Conferences recap: GroceryFest insights(04:49) Economic data and market trends(10:17) NFIB Small Business Optimism Index and CRE impact(13:17) CRE Industry Conditions and Sentiment Survey results and political uncertainty(14:55) Property Tax Benchmark Report(18:15) Doom loop theory and property tax(21:03) Understanding property tax policies(21:23) Factors putting cities at risk(22:46) Political influence on property taxes(24:56) Addressing the doom loop(27:25) Property tax reforms and their implications(29:35) Challenges with additional taxes(35:08) Recommendations for property owners and investors(37:19) Multifamily sector insights(40:11) Survey announcements and closing remarksResources Mentioned:Participate in the Q4 2024 CRE Industry Conditions and Sentiment surveyhttps://altusdxm.qualtrics.com/jfe/form/SV_bCw519OV8S9r2sK?Q_CHL=CREExchangeUS multifamily sector rallies for quick rebound as sentiment slips for other CRE sectorshttps://www.altusgroup.com/insights/us-multifamily-sector-rallies-for-quick-rebound-as-sentiment-slips-for-other-cre-sectors/CRE industry conditions and sentiment survey - US Q3 2024 resultshttps://www.altusgroup.com/featured-insights/us-cre-industry-conditions-and-sentiment-survey/CRE industry conditions and sentiment survey - Canada Q3 2024 results https://www.altusgroup.com/featured-insights/canada-cre-industry-conditions-and-sentiment-survey/Leave us a message!https://www.speakpipe.com/CREexchangeThanks for listening to the CRE Exchange podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property