There's been a big shift in commercial real estate lending.
"According to the Federal Reserve, in August large domestic banks saw their aggregate loan balances tighten for the first time since January 2022, and their loan balances have declined further over the first two weeks of September," wrote CoStar's national director of Capital Markets Analytics, Chad Littell, in a copy of a report sent to GlobeSt.com. "Commercial real estate loans at large banks fell 0.3% in the week ending Sept. 13, driven largely by nonresidential segments."
Data from the Fed for the week ending September 13, 2023, made it clear. Commercial real estate loans for all commercial banks were $2,941.8 billion, not seasonally adjusted. Several weeks before, on August 23, 2023, the amount was $2,941.6 billion. And in August 2022, the amount was $2,726.0 billion.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
