Things are starting to shake loose a bit in a CRE market, says Jones Lang LaSalle.

“JLL’s proprietary Bid Intensity Index shows improved market trends since year-end 2022, despite the late summer run up in bond yields,” the company wrote. “Bidding activity was on the rise in late 2023, with the average number of bids per deal increasing by 16%, narrowing the bid-ask spread.”

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Erik Sherman

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