Navigating the 2024 Election’s Impact on Commercial Real Estate
This 2024 election will determine the next President and the control of Congress, both of which could shape policies that significantly impact the industry.
What You Need to Know
BOMA International created an impartial slide deck to help members understand how each party's proposed policies could impact commercial real estate.
This resource doesn’t support any candidate or party but offers useful information on topics like:
- Tax Policy: Tax proposals with potential impacts on deductions, tax rates, and incentives that CRE relies on for building improvements and sustainability measures.
- Environmental and Energy Policies: Changes to carbon mandates and emissions standards could raise or lower compliance costs.
- Federal-State Alignment Shifts: Federal policy changes could affect California's building mandates, impacting property managers' compliance strategies.
How It Impacts You
Reviewing BOMA International's slide deck gives a nonpartisan look at how each administration’s policies could affect costs, tax benefits, and compliance needs.
For example, each party’s tax plan could change deductions or incentives for building efficiency and renovations.
If stricter carbon rules are enacted, managers might face higher upgrade costs, though some federal support could be available under certain policies.
Changes in federal policy could make it easier or harder for California property managers to meet compliance requirements, depending on how state and federal standards match up.
Stay Connected
BOMA International is prepared to collaborate with whichever administration is elected, advancing the CRE industry’s interests.
We encourage members to review the slide deck as a resource to inform your decision-making and readiness for future policy changes.
Follow BOMA on the Frontline for more federal updates as they become available.
