The first half of 2025 has been anything but calm for capital markets, and commercial real estate hasn’t been immune. From sweeping tariff policies to cautious Fed signaling and tighter credit spreads, market participants have had to navigate uncertainty on multiple fronts.
Yet despite geopolitical noise and volatility spikes around “Liberation Day” tariffs, CRE debt markets – especially agency CMBS – have shown surprising strength. According to BWE’s 2025 Mid-Year Outlook, volumes are up over 50% year-to-date, spreads remain historically tight, and industrial and multifamily sectors continue to benefit from favorable supply-demand dynamics.
Institutional investors are adapting to the new environment by prioritizing credit quality and data-driven strategy. With the Fed maintaining a patient stance and long-term inflation expectations remaining anchored, the second half of 2025 may offer opportunity, particularly for those who can respond quickly to changes in policy and market sentiment.
As uncertainty around trade, taxes, and Fed action evolves, portfolio and asset managers will need tools that bring speed, visibility, and control across the capital stack.
Read the full report for more detail.
Want to see how Pereview helps portfolio and asset managers stay ahead in any market? Check out The Power of Pereview video series for practical insights on solving real-world data and reporting challenges.
