Join us for a comprehensive update on today’s commercial real estate capital markets with Will McIntosh, Ph.D., Senior Visiting Fellow at the NAIOP Research Foundation and CEO of ArcBridge Research Group. With more than 30 years of experience and a background leading global research for major institutional investors, Will brings a high-level perspective on investment strategy and market trends.

This presentation provides a comprehensive update on the commercial real estate capital markets environment, integrating insights from the broader economy, financial markets, property markets, and current debt market conditions. The discussion begins with an overview of key macroeconomic drivers—including economic growth, inflation trends, monetary policy, and interest rate expectations—that are shaping investor sentiment and capital allocation decisions. It then examines developments in the capital markets, including equity market signals, credit spreads, risk-on/risk-off dynamics, and the availability and cost of capital for real estate investments.

The presentation also reviews current conditions across major commercial property sectors with a focus on data centers, highlighting transaction activity, pricing trends, capital flows, and investor demand. Particular attention is given to how evolving capital market conditions are influencing valuations, liquidity, and investment strategies. Finally, the update incorporates findings from a recent debt market survey of lenders and capital providers, offering insights into lending appetite, underwriting standards, loan structures, and borrower demand. Together, these perspectives provide investors and market participants with a timely and integrated view of the forces shaping commercial real estate capital markets and the outlook for investment and financing activity.