Toward the start of this month, I emailed a wide array of investors, asking them one simple question: What is the issue that concerns you the most about our local commercial real estate market today? There were 847 responses, and here are the results in the order of the most mentioned issues.
Politics and rent regulation: There is a very pronounced feeling that anti-business and anti-real estate sentiment is pervasive throughout the City Council and the state Legislature. The comments received on this topic stated that, over the past few years particularly, more of our elected officials have implemented policies that have worked against the interests of property owners. “Many politicians seem to not believe that residential real estate should be a for-profit business,” as one respondent put it.
Photo by Lukas: Pexels
