That's the first time in 2.5 years, according to Trepp. And retail was supposed to be doing well.

It's all about extended bonus depreciation that buyers of certain properties could gain.

But recovery is probably on the way as the category has been the least hurt.

Trepp examines how the same structural problems facing high-profile office properties are also found in smaller ones.

There are some real difficulties in achieving the ends many investors and regulators want.

The added jobs were also concentrated in a few industries, raising the question of how broad the economic growth might be.

This could mean a new source of software and services for the industry.

High bond yields that jumped to 5%, pressuring cap rates, have fallen back since the fall of 2023.