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The Hidden Costs of Transfer Taxes

American cities rely on commercial real estate to drive the local economy. From coffee shops to doctors' offices, biotech labs to office spaces, commercial properties provide the services that people seek and the jobs residents need. Commercial properties are also a pillar of local tax systems, often paying a higher property tax rate to help support public schools, road repair, police protection, and other vital services. legitimate concerns surround the replacement of human judgment, accelerating job loss, institutionalizing bias and blurring the lines that help us recognize the differences between truth and reality. So what does this really mean for commercial real estate?
Check out BOMA International's latest report here. 

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