{"id":1004789073,"date":"2026-02-24T04:13:28","date_gmt":"2026-02-24T12:13:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004789073"},"modified":"2026-02-24T04:15:17","modified_gmt":"2026-02-24T12:15:17","slug":"how-the-supreme-courts-tariff-decision-could-impact-industrial-cre","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/how-the-supreme-courts-tariff-decision-could-impact-industrial-cre\/","title":{"rendered":"How the SCOTUS Tariff Decision Could Impact Industrial CRE"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a26d0f50d7ca&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004771924\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/gsk-to-invest-more-than-1b-in-u-s-manufacturing-rd\/gsk-stevenage\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/gsk-stevenage.jpg\" data-orig-size=\"1800,1350\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"gsk-stevenage\" data-image-description=\"&lt;p&gt;Image obtained from GSK&#8217;s media library here:  https:\/\/www.gsk.com\/en-gb\/media\/media-library\/&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;U.K.-based GSK aims to utilize the earmarked $30 billion U.S. manufacturing and R&#038;D investment to position America as its first globally ranked country for studies, sites and clinical trials. Image courtesy of GSK&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/gsk-stevenage.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"768\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/gsk-stevenage.jpg?w=1024\" alt=\"Exterior shot depicting a GSK R&amp;D facility in Stevenage, U.K.\" class=\"wp-image-1004771924\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/gsk-stevenage.jpg 1800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/gsk-stevenage.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/gsk-stevenage.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/gsk-stevenage.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/gsk-stevenage.jpg?resize=1536,1152 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">U.K.-based GSK announced in September 2025 that it would build a new manufacturing plant in Upper Merion, Pa., to produce medicine for respiratory diseases and cancer. <em>Image courtesy of GSK<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The Supreme Court\u2019s recent decision to strike down many of the Trump administration\u2019s tariffs has thrown another wrench into the planning of business leaders, who for months have been dealing with lingering uncertainty over the duties.<\/p>\n\n\n\n<p>Leaders in the industrial sector have, for the most part, been carrying on with business as usual. While it\u2019s too early to detail exactly what impact the Supreme Court\u2019s decision will have\u2014especially with the prospect of additional tariffs through other statutes still up in the air\u2014experts who spoke to <em>Commercial Property Executive <\/em>remain largely bullish on the sector\u2019s prospects.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/a-better-year-for-cre\/\">A Better Year for CRE?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>\u201cWhat&#8217;s become clear since mid-2025 is that many industrial occupiers, particularly global corporates, are looking past short-term tariff noise and making longer-term strategic decisions driven by a much broader matrix of factors, of which trade policy is just one piece,\u201d Lisa DeNight, managing director and head of North American Industrial Research at Newmark, told <em>Commercial Property Executive.<\/em><\/p>\n\n\n\n<p>DeNight added that while the uncertainty surrounding tariffs is likely to continue, the benefits from other factors, such as the passage of the One Big Beautiful Bill Act and the prospect of lower inflation and interest rates, are likely to outweigh any uncertainty.<\/p>\n\n\n\n<p>Joe Santaularia, executive vice president at Bradford Commercial Real Estate Services\/CORFAC International, told <em>CPE <\/em>that the decision could help the industry move on from the \u201cdecision paralysis\u201d brought on by tariffs. However, he added that any benefits might be delayed as the administration pursues tariffs in other ways.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-effect-on-manufacturing\">The effect on manufacturing<\/h2>\n\n\n\n<p>And while there is some early evidence that <a href=\"https:\/\/www.commercialsearch.com\/news\/is-industrial-cre-benefiting-from-tariffs-and-reshoring\/\">manufacturing reshoring<\/a> may have increased because of tariffs, the Supreme Court\u2019s decision does not necessarily mean that domestic manufacturing growth will slow or reverse, according to Joshua Harris, executive director of the Fordham Real Estate Institute at Fordham University.<\/p>\n\n\n\n<p>Reshoring had already been growing before the tariffs, Harris noted, due to many factors including the reaction to pandemic-related supply chain issues and other domestic policy incentives.<\/p>\n\n\n\n<p>\u201cIf I can have more of my supply chain, more of my final goods, produced and stamped \u2018Made in America,\u2019 I\u2019m probably going to look at that from a long-term standpoint,\u201d Harris told <em>CPE.<\/em><\/p>\n\n\n\n<p>Anthony Graziano, CEO of Integra Realty Resources, noted that it is also important to consider the ways other countries have responded to American tariffs.<\/p>\n\n\n\n<p>&#8220;U.S. manufacturing is less impacted by the U.S.-imposed tariffs and more heavily impacted by the reciprocal tariffs from other countries, which are inputs to U.S. manufacturing and which affect U.S. exports,&#8221; Graziano said.<\/p>\n\n\n\n<p>The most notable outcome of the Supreme Court decision, according to Harris, may simply be the Court\u2019s signal that it is not fully behind the president, and the new precedent that has been set.<\/p>\n\n\n\n<p>Further tariffs, for example, might be struck down by lower courts as a result of the new precedent, leading to quicker resolutions that would be easier for business leaders to navigate.<\/p>\n\n\n\n<p>\u201cTrump is a known quantity,\u201d Harris said. \u201cThe Supreme Court was an unknown quantity.\u201d<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The sector is tired of uncertainty, but the road ahead is still unclear.<\/p>\n","protected":false},"author":3810,"featured_media":1004771924,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21748,23891,21742,52682],"tags":[35053,42326,32918,34748,50999],"class_list":["post-1004789073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-national","category-latest","category-policy","tag-bradford-commercial-real-estate-services","tag-corfac-international","tag-fordham-university","tag-integra-realty-resources-inc","tag-newmark"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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