In most of the 12 Federal Reserve Districts, commercial real estate activity has been steady to strong so far this year.
That's according to the Fed's June 4 Beige Book on current economic conditions in the districts of Atlanta, Boston, Chicago, Cleveland, Dallas, Kansas City, Minneapolis, New York, Philadelphia, Richmond, Va., San Francisco, and St. Louis.
The Fed's analysis was prepared at the Federal Reserve Bank of New York and was based on information collected on or before May 23.
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