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December 2017 Archives

Tax plan may be helpful to commercial real estate investors

Pennsylvania residents may be impacted in a variety of ways by the GOP tax bill. Those who profit from commercial real estate holdings may benefit in a couple of different ways. First, it may be possible to create a pass-through entity and receive a 20 percent tax deduction on those earnings. This may be available to individuals who are making less than $157,500 or joint filers making less than $315,000.

Commercial real estate leasing

Pennsylvania business owners that are looking for commercial real estate to lease and property owners with available space should expect to have to negotiate their leasing terms. Due to the condition of the commercial real estate market, business owners may have the upper hand. For example, someone who owns a business park that is sparsely occupied may allow generous concessions in order to obtain a commercial tenant. However, if the commercial real estate market is thriving, or the commercial space in question is a highly sought-after space, it may be the business that is attempting to lease the space that may have to allow significant concessions.