Tariff & Cost Noise
Hearing a lot of noise and I haven't seen construction pricing recently, have ya'll been seeing any feedback for construction pricing? Copper/Lumber/Steels all over the place, natural gas is up like 100% which I'm definitely not going to capture in my underwriting to actually get a deal done.
Is this noise or are we screwed on '25/'26 starts?
I work in industrial so concerned mostly about the structure steel and rebar in the floors.
Hearing 20% increase on that subline in next 6-9 months
Same here for self storage
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