JF3813: Policy Impact Analysis: Tariffs, Immigration & Real Estate Market Forecasts in 2025 ft. John Chang

On this episode of the Best Ever CRE Show, Marcus & Millichap's John Chang delivers a timely solo analysis of how recent policy changes could impact commercial real estate markets in 2025. Chang examines the potential effects of new tariffs with Canada, Mexico, and China, forecasting reduced GDP growth and increased inflation. He provides detailed insights into how these policies might affect various commercial real estate sectors, with particular focus on multifamily where construction costs could rise significantly due to tariffs on building materials. Chang also addresses how stricter immigration policies could exacerbate labor shortages in construction, potentially leading to reduced housing supply amid strong rental demand. The episode offers a comprehensive look at the intersection of policy changes, economic indicators, and commercial real estate market dynamics. Sponsors: Crystal View Capital Capital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices