America‘s Commercial Real Estate Show · Bull Realty

OBBB Impact on Economy & Commercial Real Estate with Mitch Roschelle

·30 min·2 clips

Mitch Roschelle reveals bonus depreciation helps small business owners replace pickup trucks, not yachts or private planes.

The question is practical. Michael Bull treats the big, beautiful bill as both an economic issue and a commercial real estate issue, then asks Mitch Roschelle for the market read. Roschelle keeps it close to the ground. Tariffs are not just political noise here. He ties them to factories, supply chains, national security, and the slow work of rebuilding industrial capacity. His Lordstown example lands because it is concrete. He recalls a General Motors plant near the Ohio-Michigan border that once employed about 20,000 workers. It is a useful reminder that lost capacity does not come back quickly. A plant that runs over a mile by about half a mile is not something a policy shift can summon overnight. That is where the optimism gets checked. Roschelle sees the turn away from 20-plus years of globalization as real, but he keeps saying the payoff will take time. The tariff discussion also turns into a security discussion. His example of foreign-made pharmaceuticals and antibiotics produced in China moves the point away from trade friction and toward national vulnerability after COVID. Bull then brings it back to property performance, asking how commercial real estate may behave through the rest of the year and maybe into next. Roschelle expects more deals and says the transaction uptick is noticeable and measurable. The tone stays broker-floor sober. No magic fix. The useful read is that policy may help the broader economy, but commercial real estate still has to wait on deal flow, rate clarity, and the slow grind of industrial capacity.

As heard by us

A CRE-focused policy discussion that lands hardest on rates, certainty, and transaction activity.

Michael Bull and Mitch Rochelle keep circling back to the same point: policy only matters here when it changes the pace of deals, the cost of capital, and the confidence behind commercial real estate.

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