Reflecting this improved balance between demand and supply, rents on commercial properties have been increasing after a prolonged period of softness. Although the level of commercial construction remains well below its peak in 2000, the latest data indicate what may be the beginning of a pickup.
But there might also be political reasons that make it infeasible to raise taxes. [4] Certainly, the actual fiscal limit is highly uncertain in many ways: it is a probability distribution rather than a point and depends on expectations, shocks and policy measures taken.