Ukraine Invasion by Russia Hinders U.S. Real Estate Industry Recovery

Already dealing with supply chain challenges that were driving up construction costs, new concerns within the real estate industry have surfaced surrounding Russia’s invasion of the Ukraine. Leading the way is the potential ripple effect on U.S commercial real estate should the impact of nations’ response to the invasion by isolating Russia economically spark a Russian financial crisis. In addition, the continued rise of prices is reinforcing the Federal Reserve’s desire to push up interest rates, while global uncertainty is putting some commercial deals on hold.