Key Takeaways:

Tariffs could significantly impact commercial real estate by increasing construction costs, reducing consumer spending, and putting pressure on commercial real estate values.

Deregulation could benefit commercial real estate by reducing barriers for businesses, inspiring business confidence, and potentially streamlining processes like permitting and zoning.

Immigration policies under Trump could exacerbate labor shortages in the construction industry if there are mass deportations or tightened immigration.

In a high inflation environment, affordable and flexible spaces like contractor garages and micro-spaces may be viable options for tenants.

The impact of Trump's policies on commercial real estate will depend on the specifics and how they are implemented, as well as the broader economic context.

Owning hard assets like real estate may be a good hedge against inflation, but the overall investment strategy should consider the nuances of the economic and policy changes.