“There  is still strong demand for residential development of all types, as well as senior living and health care, but increased interest rates are making it extremely difficult to attract capital. The current rising rate environment, which has been intended to reduce inflation in the economy, has slowed down certain developments despite strong market demand.  Also, seismic changes in technology and workplace attitudes have changed how modern work is done. These changes are causing large employers to dramatically downsize and, in many cases, redevelop large suburban HQ locations while creating new spaces to accommodate the needs of the future workforce,” he says.