Is CRE Quietly Entering Its Next Transaction Cycle?
Commercial real estate cycles rarely announce themselves with a bell. They tend to reveal their turning points through smaller signals first.
commercial real estate
Understanding 1031 Exchanges
A 1031 exchange allows investors to defer capital-gains taxes when selling an investment property and reinvesting the proceeds into another qualifying asset.
Net Lease No Longer Domain of Private Investors
Institutional capital is flowing back into private real estate—but with a sharper lens and a more selective mandate than in prior cycles. Allocators are not simply returning to real estate; they are recalibrating toward sectors and structures that promise durability, income visibility and downside protection.
Office Demand Has Changed
For decades, office demand followed a simple formula. More employees meant more square footage. Headcount growth drove leasing decisions, expansion plans, and long term real estate strategies. Today, this strategy no longer applies.
Lease Structure as a New Valuation Lever
For years, lease review in commercial real estate acquisitions was mostly confirmatory: term, rent, reimbursements, credit, done. Today, buyers are treating lease mechanics the way a credit analyst treats covenants.
Triple Net Leasing
At first glance, triple-net (NNN)-leased properties are a perfect investment solution for those less experienced in or knowledgeable about commercial real estate — the tenant pays for nearly everything and does nearly all the work. And for many landlords, these investments provide an alternative to bonds — a stable, passive income that allows owners to diversify their investments without the responsibilities of leasing and property management.
Malls: Why Some Thrive While Others Collapse
The American mall is not dying—it’s dividing. While roughly 1,200 malls remain across the United States as of 2025, according to Capital One Shopping Research, projections suggest only 900 will still operate by 2028.
Data Centers
Data centers have become the most capital-hungry asset class in commercial real estate almost overnight. Capital markets have embraced the sector, construction pipelines are full, and deal volume continues to set records.
First Newsletter of 2026
This master report combines analysis of 1,590 properties across Montana’s MLS system over a two-year period (February 2024 – February 2026), covering both multifamily residential and all commercial property types. Together, these sectors represent $652,782,204 in closed transaction volume — a comprehensive view of Montana’s investment real estate landscape.
Build-to-Rent
By creating purpose-built rental communities from the ground up, Build-to-Rent projects are helping address the supply shortage that’s driving unaffordability, offering quality housing options for families who can’t or don’t want to buy in today’s market.