What is Included in the $1.9 Trillion Stimulus Bill?
- The stimulus provides funding for small business through the PPP, a critical action to maintain employment
- It allocates billions of dollars to support hard-hit sectors like restaurants, healthcare, childcare and airlines
- Enhanced unemployment benefits, $1,400 stimulus checks and housing assistance would offset lost incomes
New Stimulus Package Would Provide Economic Boost
- The first and second stimulus bills provided jumps in retail sales, while sales fell in 4Q 2020 as the stimulus burned off
- This new bill would allow households to continue spending, helping support retail sales and job retention
Stimulus Could Benefit All Commercial Real Estate
- Increased consumption directly boosts Retail and Industrial performance, and potentially travel and Hotels
- Supplemented incomes and job security allow tenants to better cover Apartment and Self-Storage rents
- The stimulus would also help set the foundation for the post-pandemic recovery, benefiting all property types
*Through January
Adjusted for inflation using core PCE
Sources: Marcus & Millichap Research Services, U.S. Census Bureau, BEA