The real estate market sees promise and peril in Trump, says ASU expert

 

By Mike Sunnucks | Phoenix Business Journal

Mark Stapp

Arizona State University real estate expert Mark Stapp says commercial real estate brokers are optimistic about President Donald Trump’s moves to cut regulations and the push to cut corporate, personal income and investment taxes.

But Stapp said those in the real estate industry he interviewed for a brokers survey report ASU puts out also have some concerns about the impact of Trump’s promise to roll back free trade deals.

That could hurt industrial real estate if Arizona’s trade with Mexico and Canada is hurt and if there are fewer goods from China and Asia coming into the port at Long Beach.

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