Commercial Real Estate Heads Into 2026 With Measured Optimism

After a challenging 2025 defined by elevated costs, slower growth, and restrained deal flow, commercial real estate appears to be settling into a more balanced phase. While a dramatic rebound is unlikely, conditions are aligning for a steadier, more constructive year ahead. Fundamentals finding footing Economic momentum cooled last year, but declining interest rates are…

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,…