In its “American Family Plan,” the Biden administration proposes to nearly double the capital gains tax for people who make more than $1 million a year. The plan will tax capital gains at the same rate wages and salaries are taxed and raise the top marginal income tax rate from 37% to 39.6% for households making $400,000 or more in income. If passed, these taxes will have significant ramifications on the US economy in general…
2021 Q1 North America Market Report
INDUSTRIAL OVERVIEW: CONSTRUCTION SETS RECORD, GROWTH CONTINUES Strong tenant expansion continued in the first quarter as developers were underway on a historic volume of new projects while the pace of rent increases downshifted slightly. Net absorption totaled 73,987,060 SF in the first quarter, bringing the aggregate for the last four quarters since the lockdown to 252.3 million SF the most since 2017. Vacancy is projected to remain between 5% and 6%, roughly half of the…