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
Open Sesame? Reopening of the Strait of Hormuz Eases Oil Prices and Fed Nerves Alike
- Iran announced the Strait of Hormuz is fully reopened to commercial traffic, triggering a sharp decline in oil and natural gas prices
- While energy markets are easing, the prior supply shock has already filtered into inflation data and will remain relevant for the Fed
- Last week’s CPI print and softer consumer spending data reinforced a stagflation-lite backdrop heading into the next FOMC meeting
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.
Historical CIP & 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.
March FOMC Meeting Recap – Oil Shock Ushers in Fed Pause
The Federal Open Market Committee held its March meeting on Wednesday, March 18, providing the market with forward guidance when it needed it most. Prior to the meeting, analysts were navigating a macroeconomic environment with both sides of the Fed’s dual mandate under pressure. Recent Personal Consumption Expenditures (PCE) and Consumer Price Index (CPI) prints…
Between a Rock and a Hard Place
The Federal Reserve is in desperate need of a timeout. Just five weeks ago, the Federal Open Market Committee (FOMC) was content with the state of the U.S. economy. Fed officials believed current rates were at appropriate levels to promote progress on the Fed’s dual mandate. Jerome Powell was running out the clock on his…
A Dual Mandate Double Feature
The job of the Federal Reserve is straightforward: keep the U.S. economy on solid footing with good growth. Through the Federal Open Market Committee, the Fed sets monetary policy with two goals in mind – maximum employment and stable prices – commonly known as its “dual mandate.” This week’s economic prints exhibited a dual mandate…