Advocacy

Take action with NAIOP's on issues of concern to the commercial real estate industry, such as adaptive reuse of vacant or underutilized buildings, tax policy that fosters economic growth, and clear, consistent regulatory policy.

Legislative Priorities

Adaptive Reuse

Congress should pass legislation to incentivize the adaptive reuse of vacant and underutilized commercial buildings. The Revitalizing Downtowns and Main Streets Act was introduced in the last Congress by Representatives Mike Carey (R-OH) and Jimmy Gomez (D-CA) to create a tax credit to offset the costs of conversions. Adaptive reuse property conversions can help increase the supply of affordable housing and help restore economic vitality to communities dealing with the impact of post-pandemic workplace changes.

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Energy and Electricity

Congress needs to pursue comprehensive energy policies designed to meet the growing need for electricity throughout the U.S. economy, including increased investment in electrical grid expansion and modernization, permitting reforms for energy generation and transmission projects, and increased coordination on major regional projects across multiple jurisdictions. The lack of future availability of electricity is hindering the commercial real estate development needed to support industries in a rapidly transforming economy.

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Tax Policy

Congress should pass comprehensive tax legislation that renews expiring provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) and maintains long-standing tax policies that support an economically vibrant commercial real estate industry. The tax code should promote capital formation, reward entrepreneurship and long-term-investment, support housing production, and foster community and economic development.

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