TAG Industrial Watch: May 15, 2021
“While President Biden’s tax proposals are far from becoming laws, commercial real estate investors now have clarity on what the future tax environment may look like. After much speculation, the administration confirmed that its proposals include doubling the capital gains tax rate from 20% to 39.6%, capping tax-free gains on 1031 exchanges at $500,000, and eliminating the step-up basis for inherited properties (Commercial Property Executive). While some investors are contemplating selling ahead of any tax changes, others are looking towards Opportunity Zones as an option to reduce tax liability. With over 20% of the land in Opportunity Zones designated for industrial use albeit based on a small sample size (Urban Institute), industrial real estate could get a boost from investors seeking a new tax haven.” -Adam Abushagur
I N D U S T R I A L N E W S
Analysis: How Biden’s Tax Plan Would Reshape CRE Investment
Commercial Property Executive – April 30, 2021
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Opportunity Zones Provide A Way To Hedge Expected Tax Hike
Globe St. – May 5, 2021
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US Industrial Supply Surges On New Asset Cap Rate Premium
Real Capital Analytics – May 10, 2021
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Global Investors Are Still Betting On The US, AFIRE Finds
Commercial Property Executive – May 5, 2021
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Q1 Industrial Prices Up One-Third, Sales Down About As Much
Globe St. – April 30, 2021
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R E G I O N A L N E W S
Here Are The Top Five Emerging Industrial Markets For 2021
Globe St. – May 4, 2021
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Hines, Fulenwider Plan 3 MSF Denver-Area Industrial Campus
Commercial Property Executive – May 6, 2021
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McShane Adding 430K SF To Abt Electronics’ Glenview Facility
Connect Chicago & Midwest – May 13, 2021
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Equus Affiliate Acquires 757K SF Industrial Portfolio
Connect Texas – April 12, 2021
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Bigger, Taller, Colder: Houston’s Industrial Market Is Evolving
Bisnow – May 4, 2021
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