CRE360 Morning Pulse - November 7th, 2025

In this episode, we break down the latest shifts in the commercial real estate market. While overall U.S. deal volume continues to soften, industrial and data center sectors are emerging as clear winners — with deal activity jumping 6.8% and 18% year-over-year, respectively.

Globally, CRE investment stabilized in Q3, led by Europe and Asia-Pacific, as capital flows toward markets and asset classes showing stronger fundamentals and policy stability. Meanwhile, non-bank lenders — including family offices and lender finance groups — are filling the gap left by cautious banks.

We also unpack the Fed’s latest decision to hold rates at 5.50%, widening CMBS spreads, and what these signals mean for investors and borrowers heading into Q4.

Tune in for insights on where capital is moving, which sectors show the most resilience, and how smart operators are adapting to the new CRE landscape.