How Will Biden’s Proposed Infrastructure Spending Commercial Real Estate?

While policy wasn’t necessarily the cornerstone of November’s election, Joe Biden did promise a sweeping program of infrastructure spending. His promised plan would revitalize American infrastructure, from roads to internet access, as well as providing “every American city with 100,000 or more residents with high-quality, zero-emissions public transportation options.” Now with victories in Georgia giving Democrats control of the senate, it seems quite likely that this plan will go forward. But what will overhauling American infrastructure and introducing rapid transit into small cities mean for commercial real estate? We’ve already seen smaller markets become more attractive for residents and employers, able to move thanks to work from home infrastructure. Will better road, rail, and transit systems cement their resurgence? While it may be too early to know for certain, one commercial property developer is already planning accordingly. Click to read more at www.mpamag.com.