Show overview
CRE Exchange: Commercial Real Estate, Property Valuations, Real Estate Analytics and Property Tax has been publishing since 2023, and across the 3 years since has built a catalogue of 112 episodes. That works out to roughly 65 hours of audio in total. Releases follow a fortnightly cadence.
Episodes typically run thirty-five to sixty minutes — most land between 27 min and 43 min — though episode length varies meaningfully from one episode to the next. None of the episodes are flagged explicit by the publisher. It is catalogued as a EN-language Business show.
The show is actively publishing — the most recent episode landed yesterday, with 23 episodes already out so far this year. The busiest year was 2025, with 43 episodes published. Published by Altus Group.
From the publisher
The CRE Exchange is your go-to podcast for all matters of commercial real estate. It hosts cutting-edge conversations with industry experts that offer CRE professionals timely insight into market behaviors and analysis to discover new opportunities and better manage risks and costs. We discuss Commercial Real Estate, Property Valuations, Real Estate Analytics, and Property Tax. Whether you buy or build, assist or advise, if you are a key stakeholder in the CRE space, this show is for you.
Latest Episodes
View all 112 episodesConstruction lending bounces back, spreads widen, borrowers hit pause
Developers diversify as data centers reshape CRE capital and demand
Rates spike, spreads diverge, and power infrastructure reshapes industrial
AI in CRE: What's real, what's hype, and what readiness looks like
Labor data diverges, data centers dominate Beige Book, CRE implications from bond rout
CRE values inch higher as bigger deals drive Q2 2026
Where is OB3 one year later, and what's next for opportunity zones?
Treasuries up, spreads down, and office improving
Capital rotation, real assets, and a new era for CRE deals
Credit conditions, consumer stress, and office finding a bottom
Midyear CRE recap: Growth, inflation, and the exit bet
Fed shifts, ROAD to Housing Act, and CRE as an inflation hedge
US CRE pricing hits records as transaction patterns diverge
What the Q1 2026 ODCE and REIT data say about CRE right now
A split market: Commercial real estate lending trends from Q1 2026
CRE workouts, maturity walls, and the art of restructuring
The growing case for real estate secondaries
S1 Ep 94Hot inflation, soft growth, and a CRE market caught in the middle
Cole Perry and Omar Eltorai dig into the latest macro data and benchmark today's landscape against some uncomfortable historical parallels. Drawing on three major economist surveys covering more than 100 forecasters, they also map out where there's consensus, where there's divergence, and what it all means for CRE performance and capital markets.Key moments:00:48 Stat of the day: Commercial real estate pricing through the 1970s02:29 70’s déjà vu06:31 Hot PPI inflation08:40 Fed holds rates13:33 Housing sales slide16:21 Wholesale inventories18:56 Economist surveys outlook26:19 Upcoming data and events27:02 Catch us at the ARES conferenceResources mentioned:Producer Price Index – February 2026 - https://www.bls.gov/news.release/archives/ppi_03182026.htmFOMC Rate Decision – March 18, 2026 - https://www.federalreserve.gov/newsevents/pressreleases/monetary20260318a.htmFOMC Summary of Economic Projections – March 18, 2026 - https://www.federalreserve.gov/monetarypolicy/fomcpresconf20260318.htmNew Residential Sales – January 2026 -https://www.census.gov/construction/nrs/current/index.htmlAdvance Economic Indicators (Wholesale Inventories) – January 2026 - https://www.census.gov/wholesale/Survey of Professional Forecasters – Q1 2026 - https://www.philadelphiafed.org/surveys-and-data/real-time-data-research/spf-q1-2026Wall Street Journal Economic Forecasting Survey - https://www.wsj.com/articles/economic-forecasting-survey-archive-11617814998
S1 Ep 93The 70s are calling, are the CRE markets listening?
Note: This episode was recorded prior to recent developments in the Middle East and the associated impact on global energy markets. Some macroeconomic context discussed in this episode reflects conditions at the time of recording. Lenders are re-engaging, origination activity is picking up, and the market is beginning to find its footing around the wall of maturities, but rising operating expenses are outpacing rent growth in select segments, and a new set of macro uncertainties is changing the capital markets math for CRE. In this episode, we’re joined by Brian Bailey, Senior Managing Director and Head of Research at Trimont, to examine CRE debt market conditions, sector-level operating trends, and the risks the industry may be underestimating heading into 2026. Brian draws on 14 years as the Federal Reserve System's CRE subject matter expert and Trimont's $700B loan servicing portfolio to share what the data is revealing about credit conditions, expense pressures, and lender behavior across the market. Key moments01:29 - Brian’s career journey07:00 - From Fed to Trimont09:09 - Office lending sentiment11:55 - Trimont data advantage14:11 - Stagflation and expenses18:20 - Capital markets inflection22:03 - Wall of maturities25:54 - Non-bank lending risks29:52 - 2026 themes by sector32:37 - Underappreciated 2026 risks34:36 - An industry wish for transparency Resources mentionedBrian Bailey - https://www.linkedin.com/in/brian-bailey-1a73888/Trimont - https://trimont.com/
S1 Ep 92560 billion reasons the US CRE market is finding its footing
The CRE transaction market posted its first annual property count increase since 2021, industrial dollar volume surged 54%, and office may finally be finding a floor. In this episode of CRE Exchange, hosts Omar Eltorai and Cole Perry break down Q4 and full-year 2025 transaction data, pricing trends across major sectors and MSAs, and what the numbers say about where the market is heading. Featuring a special conversation with Phil Tily, Alex Jaffe, and Mike Amthor from Altus Group's advisory practice on valuation and performance trends across the ODCE Index. Key moments01:28 Key stat of the day and macro backdrop05:50 Q4 and full year transactions09:12 Velocity and pricing trends12:36 Subsector and deal size comparisons14:13 Geographic winners and losers19:15 Biggest surprises in 202521:48 Sector shockers: retail, industrial, office27:21 ODCE data and Q4 returns31:46 Apartments trends and outlook35:20 Industrial markets and SoCal repricing40:56 Office stabilization and green Shoots46:58 Retail resilience and mark-to-market Resources mentionedPhil Tily: https://www.linkedin.com/in/phil-tily-7b9a9027/Mike Amthor: https://www.linkedin.com/in/michael-amthor-40865154/Alex Jaffe: https://www.linkedin.com/in/alexander-jaffe-mai-31425123/Q4 2025 US CRE Investment and Transactions quarterly report: https://www.altusgroup.com/featured-insights/cre-transactions/Altus' Q4 valuation and performance trends analysis of the NCREIF ODCE Index: https://www.altusgroup.com/webinars/ncreif-odce-index-quarterly-analysis/#featuredEmail us: [email protected]