Midwest

Lenders also expect demand for CRE loans to increase along with all other types.

The vibe at national conference last week leaned to the positive for 2024.

Nationally, 97 MSF of office space is currently in various stages of development – 28% less than in 2023.

They're still often strong as credit profiles go, but expenses go up and margins go down.

For starters, pressure to put cash to use is building.

So far it has raised half of that amount.

The four assets are 99% leased and located in Phoenix, Southern Florida and Chicago.

One source says venture funding is way down, though at pre-pandemic levels. Another says it's way up.