Episode Details
Back to Episodes
Midyear CRE recap: Growth, inflation, and the exit bet
Description
The first half of 2026 opened with a soft-landing story and closed with reignited inflation, sub-2% growth, and a hawkish Fed. In this midyear episode of CRE Exchange, Cole Perry and Omar Eltorai work through what did happen: four straight Fed holds, consumer confidence at its lowest in the survey's 70-plus year history, and a frozen housing market.
Omar follows with the public markets story, where REITs returned nearly 14%, and REIT M&A is on pace for its most active year in a decade, even as private CRE remained in a gradual recovery mode. The episode closes with original Altus Group research on implied versus realized growth in CRE: when buyers price in growth at acquisition, does that growth actually materialize? And does it protect value?
Key moments:
- 01:29 Midyear economy recap
- 02:08 Growth and inflation shocks
- 04:06 Consumer and labor check
- 06:56 Housing and construction trends
- 08:30 Fed holds and rate reality
- 10:14 Public markets snapshot
- 11:50 Credit and data center capital
- 14:12 Rates macro and REIT rally
- 19:04 Fresh labor and construction prints
- 23:22 Implied vs realized growth research
- 29:41 How to access our in-depth research