Phoenix & Southwest

Four properties account for more than one-third of 2026 office CMBS issuance.

CRE investors want to deploy capital, but higher rates and stubborn pricing are keeping many on the sidelines.

Lower rents aren’t translating into affordability as renter incomes fall and housing costs rise.

Most September CMBS maturities are still current, but $688M in performing debt is flashing warning signs.

Multifamily development is concentrating in smaller, fast-growing metros, with Durham leading per-capita activity while Columbia and San Jose post the biggest year-over-year gains.

Related lands a major anchor for its Plaza District tower as General Atlantic prepares to move its New York team in 2029.