Midwest

A constraint on supply combined with higher demand can make conditions look better than they are, however.

Overall strong fundamentals and new construction starts also contributing factors, according to Marcus & Millichap.

The chain has about 2,100 stores in 17 states, half as many as it did a decade ago.

Hessam Nadji, president and CEO of Marcus & Millichap, opened the GlobeSt. Multifamily conference by noting that despite the Fed's declaration of war, it isn't a foreteller of doom.

The senior housing market has been able to absorb a significantly higher number of units than were added during the third quarter of 2023.

The Counselors of Real Estate surveyed its members weeks ago about 2024.

BGO notes that for CRE, conditions that should be positive are superseded by Fed policy.

MetaProp, a VC firm focused on proptech, offered a take on the confidence of investors and CEOs of start-ups in the industry. But the methodology offers little confidence in the purported results.