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Impact of Fiscal Cliff on Local CRE Markets (December 2012)

Cassidy Turley/Commercial Real Estate Services

Friday, December 14, 2012

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Federal spending accounts for 22% or $37.3 billion of San Diego’s
gross metro product (GMP), making it vulnerable to the proposed
sequestration cuts. If the fiscal cliff occurs, the estimated impact
on San Diego’s economy would range between $4.3 and $5.9
billion, or approximately 3% of GMP.