1 Commercial real estate I am sure that economic development professionals also are greatly concerned about the continuing deterioration of conditions in commercial real estate (CRE).
A solid real estate base is not only the foundation for commercial and retail centers, but communities also depend on these commercial corridors to supply services and jobs to their residents and contribute significantly to the local tax base. I assure you that the Federal Reserve appreciates the consequences of weaknesses in commercial real estate and shares your concern.