THIS WEEK...

Commercial real estate is at an inflection point. 

Tariffs on steel, aluminum and manufactured goods — ranging from 25% to 50% — have pushed development costs up by as much as 10%, sidelining projects and sending CRE financing sentiment to its sharpest drop since the pandemic.

And that has largely been based on fear of what might be as tariff policy whiplashes.

President Donald Trump’s self-imposed Aug. 1 deadline to negotiate tariffs is fast approaching and a new trade environment is taking shape. The Federal Reserve’s rate decision Wednesday, PCE inflation data and the July jobs report will further signal whether the economic fog lifts — or thickens.

As tariffs move from theoretical to real and CRE inches toward clarity, join us for First Draft Live as we unpack how global trade realignments, pricing shocks and policy shifts are reshaping CRE — and whether a clearer outlook can get deals moving again.

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Every Friday at 12:30 p.m. ET, we go live with industry experts for a sharp, timely conversation on the week’s most impactful topic — inspired by our daily newsletter, The First Draft. Whether it’s CRE capital trends, policy changes, or sector-specific activity, we break down what it means for your business right now.

We’ve hosted some of the industry's top voices — and there's more to come. Bring your questions, join the conversation, or catch the replay within 24 hours if you can't attend live.

Interested in speaking? Contact Director of Global Production Elizabeth Baker at liz.baker@bisnow.com.