New Doubling Steel and Aluminum Tariffs Leave CRE Concerned

GlobeSt reports that the unexpected doubling of import tariffs on steel and aluminum—from 25% to 50% as of June 4, 2025—is causing concern across the commercial real estate industry. Erik Sherman notes that rising material costs will strain construction budgets, delay timelines, and complicate planning for developers and property owners. Industry leaders are now evaluating supply chains, pre-purchasing materials, or redesigning projects to mitigate the financial impact of this policy shift. The move adds a new layer of uncertainty to an already volatile market.