Industrial

Capital markets have seen a 52% year-over-year drop.

Onshoring, nearshoring and the rise of secondary markets are all factors.

Market condition impairments of valuations continue from the first half of the year into Q3.

They're falling at a slower rate than in Q2, according to Trepp.

The Philadelphia Fed's latest survey of professional forecasters see slow changes in the economy going forward.

In Los Angeles, industrial is seeing rent declines.

The average deliveries over the next five years are less than half of what we saw in 2023.

The smaller banks are growing loans and large deposits; the larger banks have become more cautious and are holding more cash.