Liberation Day Part 2 has come and gone, and the U.S. has more clarity on the global trade landscape.

Some of the levies will have CRE breathing easier, but some — including the 35% rate on Canada, a hugely important market for construction material imports — might be worse than the industry feared. Already, tariffs have driven construction costs up anywhere from 6% to 10%.

But at least some of the uncertainty has been chipped away. How will CRE react?
Cushman & Wakefield Senior Economist James Bohnaker said he expects deals to start moving forward again, though in a slow slog, not a rush. But with the U.S. is in an unprecedented macroeconomic environment, scenario planning by CRE investors is crucial.

Register on Bisnow.com to join next Friday's conversation live, or check back here for the conversation after it airs.