Jones Lang LaSalle's Joe Brennan spoke with GlobeSt.com's Erika Morphy about the uncertainty that commercial real estate interests probably face in light of spending decisions in an election year when the economy and the federal budget have central roles in the presidential campaign.

"No one believes much of anything will happen before the election. Instead, as in the past few years, government operations will be funded via short-term measures," the website reported.

GlobeSt.com quoted Brennan as saying, "I think more than anything else right now, people in the industry want certainty. Even if it is bad news—i.e., yes this program will be cut and the lease will not roll over—at least people can plan for it. There is no certainty right now at all, and that is very frustrating."