David Nasatir Discusses Challenges Facing the U.S. Commercial Real Estate Industry

Obermayer Chair David Nasatir was interviewed by Reuters on October 28, 2024, about the potential impact of the U.S. commercial real estate industry’s push for tax relief and proposed changes to tax policies. A major challenge facing the industry is finding solutions for vacant office buildings, particularly the idea of converting these spaces into housing.

In the article titled “Commercial Real Estate Industry Worries Over Higher Taxes as Election Looms,” David, who also co-chairs the firm’s Distressed Commercial Real Estate Group, emphasized that addressing empty office buildings is a critical issue.

“This is the number one, two, and three issue right now because it affects the entire real estate market,” stated David.

Read the full article here.