Days after the longest federal government shutdown in history came to an end, the commercial real estate industry is only beginning to understand the impacts of the 43-day closure and anxiously awaiting the possibility of another one in less than three months.
The shutdown was a blow to an already stumbling economy, with roughly $11B permanently lost from the country’s gross domestic product, according to Oct. 29 Congressional Budget Office projections. 
In CRE, multifamily and hotel operators are most directly impacted, with housing authorities bogged down by a pileup of unprocessed loan applications, payments delayed and travel tamped down by worker shortages at…