Fiscal Cliff: Impact Scenarios for Atlanta's Commercial Real Estate Market
Even the worst case scenario, which Cassidy Turley predicts at 30 percent probable, will not technically push metro Atlanta back into recession, but it will have an adverse impact.
National commercial real estate services provider Cassidy Turley on Friday released research examining the impending “fiscal cliff’s” impact on commercial real estate markets across the country, including metro Atlanta. The company's Atlanta office is based in Midtown. The fiscal cliff refers to the combination of tax increases and spending cuts that will take effect in January 2013, assuming no change to the current law. Economists’ general consensus is that if the fiscal cliff is allowed to occur, the U.S. economy will slide back into recession in the first half of 2013. Cassidy Turley’s report summarizes the various scenarios related to fiscal policy and then draws the link to commercial real estate. For metro Atlanta, military …
Urbanist
12:24 pm on Monday, December 17, 2012
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