National

Historically linked, commercial real estate and housing price performance began to diverge in early 2023.

Apartment demand stayed solid in May, but rent growth is losing steam—especially in the South.

CRE prices are rising slowly, but stalled rate cuts and new tariffs are shifting investor focus and market dynamics.

While most saw only modest upticks, the CMBS sector experienced the sharpest rise, climbing 64 bps to 6.42%.

CBRE says 23 MSF of office space will be removed in 2025—nearly double what’s being built. A pivotal year for US office real estate.