May 5, 2024

By Peter Ferramosca, Joseph Biasi and Nancy Muscatello
CoStar Advisory Services

August was a busy legislative month as Congress passed the CHIPS and Science Act of 2022 and the Inflation Reduction Act and President Biden signed both into law. The new legislation is expected to bring important structural changes to certain segments of the U.S. economy, but the impact on commercial real estate — and the growth trajectory of the economy as a whole — is likely to be marginal.
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