U.S. CRE transaction activity accelerated in Q2 2026, with rising deal volume and pricing as investors increasingly focused capital on larger, higher-quality assets with durable fundamentals.
Warehouse construction is slowing, data centers are fueling new logistics demand, and the setup for stronger industrial rent growth is taking shape.
Regulators are giving banks more breathing room, potentially expanding CRE lending capacity while putting greater responsibility on underwriting discipline.
KKR’s latest thesis targets the financing gap behind 5,800 middle-market CRE sponsors.
The next wave of apartment supply could look very different, with New York and LA emerging as permitting standouts.
The CRE liquidity drought is easing, but retail and industrial are getting most of the attention.
On-time rent payments hit 83.2% in August, adding to signs that the prolonged collection slump is easing.
Multifamily borrowers have more places to find debt, but refinancing troubled deals is getting increasingly expensive.
CRE rates remain cheaper than a year ago, but quarter-to-quarter relief has nearly disappeared.
Deal volume is rising, pricing gaps are narrowing, and investors are finding opportunity in smaller industrial and retail assets.
A Treasury buyback boost sent long-term yields lower, offering a potential glimmer of relief for CRE financing.
The multifamily rent slowdown may be ending as growth accelerates across more U.S. metros.
