NREI interviewed several real estate experts on the implications of the policy.
President Donald Trump campaigned on the promise of reforming U.S. immigration policy. Last month, he announced his support for legislation, sponsored by Republicans, which would cut the amount of legal immigrants allowed into the U.S. in half over the next decade. The proposal, which still has to make its way through Congress, also calls for limits on the number of refugees allowed into the country and the creation of a point-based system for determining who can lawfully immigrate.
But how would any of these changes affect commercial real estate? NREI interviewed several real estate experts on the implications of the policy on the industry. Overall, they say that restricting immigration would create a chain effect that would hinder economic growth and, in turn, growth in the commercial real estate sector. “All across the board in real estate, immigration is one of the supporting legs of that part of the economy,” says Peter C. Burley, a counselor of real estate.
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