The prices buyers are willing to pay have risen as well.

And these loans are coming due in a somber capital markets environment.

The average entry cost during the first half of 2023 was $103,200 per key, a 4.1% decline from last year.

CBRE predicts a rental rate increase and a more active sales market in H2.

Builder confidence fell six points to 50 from July to August.

Meanwhile tenants are asking about their buildings' loan health.

Malls are a major exception to this pattern, as demand for space in malls continues to drop.

In other news, Amazon may be ready to grow its distribution space again.