Economy
From interest rates to inflation, understand the impact of macroeconomic trends on the real estate capital markets.
The Beyond Insights series aims to deliver timely economic and market-driven insights to better inform your commercial real estate investment decisions.
Markets
From local market rents to cap rates, catch up on the latest capital markets insights.
Learn moreU.S. ECONOMIC MACRO COMMENTARY & INSIGHTS
Inflation’s Second Act
- April CPI print rattled the market as oil prices continue to climb
- Traders increasingly question whether the Federal Reserve will be able to ease monetary policy at all this year
- Treasury rates continue to climb, curbing Agency CMBS volumes
For a steady three years, besides a blip surrounding the Liberation Day tariff announcements, markets operated under the assumption that inflation was steadily moving back toward the Federal Reserve’s 2% target. April’s Consumer Price Index (CPI) report was the second straight data point that challenged the narrative.
Historical CPI & Core CPI
2026 Multifamily Investor Sentiment Survey
In December 2025, we surveyed over 250 of our trusted clients from various companies, with most holding senior-level titles, for our second annual Multifamily Investor Sentiment Survey. Our goal is to provide a comprehensive view of current market sentiments to our clients, and we plan to share our findings in our detailed report.
2026 Multifamily
Powerhouse Poll
In Berkadia’s Annual Multifamily Powerhouse Poll, we surveyed over 200 investment sales advisors and mortgage bankers to offer their unique perspectives on the state of the commercial real estate (CRE) industry.
Open Sesame? Reopening of the Strait of Hormuz Eases Oil Prices and Fed Nerves Alike
Markets received long-awaited relief Friday morning after Iran announced that the Strait of Hormuz was “completely open” for commercial vessels—a development that immediately unwound some of the largest geopolitical risk premium embedded in global energy markets. The move marks an important de-escalation after nearly seven weeks of extraordinary volatility. Since late February, the closure of…
March Payrolls Delivers Upside Surprise, Fed’s Holding Pattern Continues
The U.S. macroeconomic landscape has been generally off-kilter for over a month—this week, the economy received some much-needed clarity on both sides of the Fed’s dual mandate. This morning’s March nonfarm payrolls report delivered an unambiguous upside surprise, with job growth rebounding sharply, offering reassurance that the employment side of the Fed’s dual mandate remains…
IMN Build-to-Rent Spring Forum 2026: Key Market Takeaways
The Spring 2026 IMN Build-to-Rent (BTR) Forum made one thing clear: the industry is navigating a complex period marked by policy uncertainty, uneven fundamentals, and an evolving capital markets. Conversations were defined by the interplay of new legislation, market softness, and the search for strategies as developers, investors, and capital providers assess the future of the BTR sector. Legislative Uncertainty Looms Over BTR…