The overhaul of the tax code President Donald Trump signed into law Dec. 22 represents a win for commercial real estate as a whole, economists say, but some sectors will benefit more — and sooner — than others as a result.
The retail sector will likely be the biggest beneficiary, Colliers Chief U.S. Economist Andrew Nelson said, because of the lowering of the corporate tax rate. The tax reform law reduces the corporate tax rate to 21% from 35%, but because of deductions, not all types of businesses had effectively paid that same higher rate. . . . more