What a Stronger Dollar Means for Development
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The Wall Street Journal reported a stronger American dollar by 4.3% since the November 8th election, but what does this mean for permit expediting as well as the retailer/tenant? At first glance this is good news as a stronger currency indicates a strengthening economy; but, for those looking to develop under these conditions it presents a mixed bag of benefits and costs with respect to the permit process of commercial development. As we look into the ramifications of a strengthening dollar we see a weaker import of foreign investment of products and development as well as H1B’s becoming less important. …
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