Jaime Sturgis Authors Daily Business Review Column About Tax Reform Impact on Commercial Real Estate

Jaime Sturgis, founder of Native Realty, wrote an article titled “Tax Reform’s Underrated Commercial Real Estate Impact Amid Residential Frenzy” that was published in the Daily Business Review.

Tax Reform’s Underrated Commercial Real Estate Impact Amid Residential Frenzy

Following the approval of the federal tax reform bill, much of the discussion has centered on the legislation’s disproportionately negative impact on tax-heavy states and the anticipated influx of residents from those states relocating to tax-free states like Florida.

“Following the approval of the federal tax reform bill, much of the discussion has centered on the legislation’s disproportionately negative impact on tax-heavy states and the anticipated influx of residents from those states relocating to tax-free states like Florida. With the longstanding flight capital from South America that historically has fueled the South Florida residential market primarily on the sidelines, this could serve as a form of “domestic flight capital” to extend the current cycle.

That discussion is certainly legitimate. But there are significant commercial real estate impacts for South Florida and the overall industry that have been largely absent from the post-reform analysis.”

Click here to read the full article.