2025 in Review

Across every major theme we covered in 2025, one message converged. CRE entered a performance era, not a multiple-expansion era. That shift fundamentally changes what CRE strategy means heading into 2026.

Powering Value

n today’s CRE market, the defining advantage isn’t location or amenities—it’s reliable, affordable power. Developers are realizing that access to steady energy sources now determines value creation. Amid growing grid strain, rapid electrification, and climate volatility, energy resilience has become the new currency of confidence among owners, tenants, and investors.

Why Valuation Transparency Is the New Competitive Edge

In commercial real estate, capital isn’t king anymore—clarity is. With cap rates rising, refinancing pressure mounting, and $600 billion in CRE debt maturing by 2028, the real question isn’t who has the cash—it’s who knows what their properties are really worth. In today’s market, valuation transparency is a strategic advantage that unlocks trust, speeds up deals, and attracts capital.

The Rise of Secondary CRE Markets in 2026

Several forces are accelerating the shift. Industrial and data center developers are hitting hard constraints in core markets—particularly around power availability and land scarcity. These limitations are pushing demand toward second-tier hubs, with cities like Phoenix, Dallas, and Atlanta emerging as hotspots for new development pipelines.

Resilience, Recovery, and What’s Next

As we move through the final quarter of 2025, the commercial real estate (CRE) market is showing signs of renewed strength and resilience. In a recent episode of the CRE with CBC Worldwide Podcast, Lonnie Hendry, Chief Product Officer at Trepp and host of The TreppWire Podcast, joined host, Dan Spiegel, SIOR, senior vice president and managing director of Coldwell Banker Commercial, to unpack the current state of the market and share insights on what lies ahead.