After several bruising years defined by rising vacancies, declining values, and stalled deal flow, the office sector finally showed signs of life in 2025. Sharp price resets—some of the most significant in modern CRE history—opened the door for sidelined capital to re-engage, creating a measurable pickup in investor activity and hints that the market may…

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After several years of sluggish performance, commercial real estate may be shaping up as a value opportunity—especially as stock markets look frothy and investors question whether AI enthusiasm has gone too far. How CRE lost momentum: Institutional capital, once the primary driver of the CRE market, has largely remained on the sidelines. Even after five…

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The latest data from Trepp shows October brought another wave of distress across the CMBS landscape, signaling that what began as an office-sector problem is now becoming a broader market challenge. Widening cracks: In October 2025, the overall CMBS delinquency rate climbed 23 basis points to 7.46%, driven by a $1.1 billion rise in delinquent…

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Banks across the U.S. are racing to restructure struggling commercial real estate (CRE) loans as higher interest rates and declining property values tighten the pressure on borrowers and lenders. Modification momentum: According to data from the St. Louis Fed, the total value of modified CRE loans jumped 66% year-over-year through June 2025. These adjustments—ranging from…

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A new study from Hines is turning the old cycle playbook on its head. The long-standing belief—buy when prices are depressed and build only once fundamentals are solid—isn’t necessarily where the best returns are found. Instead, Hines’ data shows that development may actually deliver stronger performance when it begins earlier in the cycle. Breaking with…

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After several quarters of aggressive tightening, banks eased up slightly in Q2 2025—but businesses and households showed little interest in taking on new debt. By the numbers: The Fed’s latest Senior Loan Officer Opinion Survey (SLOOS) shows about 10% of banks raised standards on commercial and industrial (C&I) loans, a step down from the 19%…

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When most people hear about a government shutdown, they think of closed national parks or delayed federal paychecks. But one area that’s often overlooked — and deeply affected — is SBA lending. For Westchester County small business owners relying on SBA 504 loans or other types of government-backed financing, a shutdown can bring the lending process to a standstill. What Happens…

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CBRE’s midyear broker survey—drawing from over 200 industry professionals—suggests that cap rates may have reached their ceiling in early 2025, despite the turbulence in Treasury yields. Market metrics: The 10-year Treasury yield swung widely this year, starting at 4.79% in January, dipping to 4.01% by April, and ending midyear at 4.24%. Even with that volatility,…

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A surge in bankruptcies and corporate consolidations has pulled industrial net absorption into negative territory for the first time since the Great Recession. By the numbers: Newmark reports the sector shed 1.3M SF in Q2 2025—the first quarterly decline since 2009. For the first half of the year, net absorption totaled just 47.4M SF, down…

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A renewed sense of optimism is rippling through commercial real estate debt markets. After two years of sluggish activity, both securitized and agency lending are showing signs of a meaningful rebound—though lenders remain highly selective. Lending Activity Accelerates Recent projections indicate a notable uptick in issuance volume across multiple debt categories: CMBS conduit deals are…

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