There seems to be hope abounding in commercial real estate, according to the Federal Reserve's Beige Book. Optimism tends to look toward the future — in this case, when the industry hopes interest rates will drop.
In the reality of the moment, though, that hasn't changed how higher rates are still limiting real estate deals, as reported by the various Federal Reserve district banks and what they're hearing from people in their multi-state regions. And the optimism may ultimately end, as the excitement over interest rate reductions may be premature.
Consider the following excerpts from the report.
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