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The Trump administration plans to move federal agencies to less costly areas of the country.
The grants distributed by HUD are typically worth $425,000 annually.
JLL also projects "healthy tenant and robust investor appetite."
Nearly three-quarters of lenders plan to increase their allocations this year.
The results could have big second-degree implications for CRE owners.
The complex will expand capacity to make liquid cooling systems for AI data centers.
Meanwhile, net absorption remained positive for the eighth straight month.
While vacancies were elevated, there are a couple of positives.
There has been a three-fold increase in construction spending on manufacturing since 2021.
However, things are expected to at least improve.