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This year has seen a renewed focus on tariffs, especially on construction materials like steel and aluminium:

🔹 February: 25% tariffs imposed
🔹 June: Increased to 50%
🔹 August: Expanded to 400 + additional product categories

While tariffs often make headlines in the context of consumer pricing, the real estate industry feels their impact in more subtle, but significant ways.

Higher material costs ripple downstream, influencing construction budgets, tenant improvement allowances, and ultimately lease-up timelines and investment underwriting.

But here’s the bottom line:
👉 Commercial real estate doesn’t stop.

Even in a costlier, more complex environment, businesses still need space. Investors still seek long-term value. Developers still build. It’s about strategic adaptation, not hesitation.

At The Ballou Team, we’re helping clients navigate this evolving landscape, with eyes wide open and deals still moving forward.