Confidence in commercial real estate hit by Building Safety Act delays

Regulatory delays under the Building Safety Act have impacted institutional real estate investors, causing planning delays and undermining market confidence. The Act's approval process for high-risk buildings is taking up to a year, affecting supply chains and development timelines. Despite challenges, investors remain cautious but do not see the Act as a major obstacle to long-term growth. New reforms aim to address these delays and improve the review process, enhancing safety and speed in building approvals.