The Beige Book signals an economy under pressure, with slowing growth, rising costs, and cooling labor markets weighing on CRE. In this episode of CRE Exchange, Cole Perry and Omar Eltorai break down where challenges are mounting and where opportunities remain.

They spotlight resilient sectors like data centers, industrial, and high-quality office, alongside the surprising momentum of unanchored strip centers. The discussion closes with a look at key upcoming economic data and what it could mean for investment strategies.

Key Moments:

01:14 Federal Reserve Beige Book insights

07:40 Labor market data analysis

11:19 Employment Situation Report breakdown

16:20 Deep dive into strip center data

20:30 Upcoming conferences and data releases

Resources Mentioned:



Beige Book: https://www.federalreserve.gov/monetarypolicy/publications/beige-book-default.htm

Job Openings and Labor Turnover (JOLTS): https://www.bls.gov/jlt/

ADP National Employment Report: https://mediacenter.adp.com/2025-09-04-ADP-National-Employment-Report-Private-Sector-Employment-Increased-by-54,000-Jobs-in-August-Annual-Pay-was-Up-4-4

Employment Situation Report: https://www.bls.gov/news.release/empsit.nr0.htm

Email us: altusresearch@altusgroup.com

The latest FDIC banking profile shows resilience in CRE lending even as past-due rates improve, but consumer confidence is slipping, with inflation and job concerns weighing heavily on sentiment. At the same time, multifamily continues to absorb demand while single-family sales stall under high mortgage rates. In this episode of CRE Exchange, we connect these dots alongside fresh GDP revisions, construction spending shifts, and private market price trends. Tune in to uncover what these signals mean for CRE financing, sector strategies, and where opportunities may emerge next.

Key Moments:

01:13 FDIC Quarterly Banking Profile insights

05:28 Consumer confidence and sentiment analysis

08:35 Personal income and spending trends

11:30 New home sales and housing market update

13:55 GDP growth and economic indicators

16:34 Construction spending and sector analysis

19:54 Capital markets and investment trends

24:28 Non-listed CRE space and pricing trends

28:03 Upcoming events and announcements

Resources Mentioned:



FDIC Quarterly Banking Profile: https://www.fdic.gov/quarterly-banking-profile/quarterly-banking-profile-q2-2025

SLOOS: https://www.federalreserve.gov/data/sloos.htm

Q2 2025 US CRE Investment and Transaction Quarterly report

• National transaction activity: https://www.altusgroup.com/featured-insights/cre-transactions/
• Pricing and pacing: https://www.altusgroup.com/featured-insights/cre-transactions/pricing-pacing/
• Property sectors: https://www.altusgroup.com/featured-insights/cre-transactions/property-sectors/

Email us: altusresearch@altusgroup.com

Thanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.

#CRE #CommercialRealEstate #Property

We share insights from Altus Group’s Q2 2025 Investment and Transactions Quarterly report. From multifamily’s continued strength to industrial’s surprising slowdown, we explore the quarterly and annual changes in investment volume, pricing, and deal trends impacting CRE today. Tune in for data-backed takeaways to help you navigate your investment strategy across major markets and sectors.

Key Moments:

00:52 Overview of Q2 2025 Investments and Transactions Report

01:47 Investment Volume Highlights

03:11 Pricing Trends Analysis

04:44 Geographical Performance Insights

06:12 Property Sector Trends

07:51 Key Takeaways and Conclusions

Resources Mentioned:

Q2 2025 US CRE Investment and Transaction Quarterly report

• National transaction activity: https://www.altusgroup.com/featured-insights/cre-transactions/
• Pricing and pacing: https://www.altusgroup.com/featured-insights/cre-transactions/pricing-pacing/
• Property sectors: https://www.altusgroup.com/featured-insights/cre-transactions/property-sectors/

Email us: altusresearch@altusgroup.com

Thanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.

#CRE #CommercialRealEstate #Property