Real Estate
A market analyst's view of commercial real estate — national interest rates, deal news, and asset-class metrics across four focus markets.
Rates & news last updated Nov 3, 2026, 12:49 AM · refreshes automatically every few hours
US Market News: Interest Rates & Cost of Capital
Real, current figures pulled directly from the Federal Reserve (FRED) — not estimates.
Fed Funds Rate
3.88%
As of Oct 1, 2026 · Source: Federal Reserve (FRED) ↗
10-Year Treasury
4.94%
As of Oct 30, 2026 · Source: Federal Reserve (FRED) ↗
30-Year Mortgage
7.24%
As of Oct 29, 2026 · Source: Federal Reserve (FRED) ↗
Daily Recap
Nov 3, 2026The effective Fed Funds Rate stands at 3.88%, while the 10-Year Treasury trades at 4.94% — a positive spread of 106 basis points, a common read on the market's growth and inflation expectations. The average 30-year mortgage rate of 7.24% sits 230 basis points over the 10-Year, setting the debt-financing backdrop for acquisitions across all four focus markets below.
Computed directly from the real Federal Reserve figures above — not commentary or prediction.
Denver — Occupancy by Sector
Occupancy shown for comparability (100% − vacancy rate for Multifamily/Industrial/Office/Retail; reported occupancy for Hospitality). Example data — see each card below for its source.
Denver — Where in the Cycle?
Coming soonPlacing a market in the cycle takes multiple quarters of real vacancy and absorption trend data, which isn't available for free — so rather than guess, here's the framework. Denver's actual position will populate here once that data is connected.
Recovery
Falling vacancy, no new construction yet
Expansion
Falling vacancy, rising construction
Hypersupply
Rising vacancy, construction still delivering
Recession
Rising vacancy, negative absorption
My Take on Denver
Personal opinionDenver's market is exhibiting stability and improving fundamentals across all sectors. The re-balancing from the oversupply perspective is a common theme. Submarkets outside Downtown Denver are leading the recovery — Cherry Creek Class A office and prime buildings lead new lease volumes, reflecting overcome return-to-office uncertainty. Industrial demand is blooming as a broadening set of tenants show interest, with 3PLs, aerospace, and advanced manufacturing emerging. The cyclical trough of multifamily has finally passed, with occupancy rising and little pipeline to slow the recovery.
Headwinds
- −Office: New development staying dormant — just 1% of new inventory over the past 2 years
- −Office: Class B and C owners unwilling to invest in CIPs or offer competitive TI allowances will continue to face occupancy pressure
- −Industrial: Landlords prioritizing retention over new tenant pursuits, holding the market under equilibrium
Tailwinds
- +Office: Tenants have overcome return-to-office uncertainty, promoting longer-term commitments
- +Office: Quality-concentrated demand on Class A
- +Industrial: Investors entering new supply-constrained submarkets, investing on upside market improvement
- +Multifamily: Widening performance gap between newer and dated properties — quality and location carry high value for disposition strategy
Denver — All Asset Classes
Multifamily
Example data- Net Absorption (units)
- 1,200
- Under Construction (units)
- 8,400
- Vacancy Rate
- 6.8%
Source: Replace with your source
Industrial
Example data- Net Absorption (SF)
- 450,000
- Under Construction (SF)
- 2,100,000
- Vacancy Rate
- 8.1%
Source: Replace with your source
Office
Example data- Net Absorption (SF)
- -180,000
- Under Construction (SF)
- 600,000
- Vacancy Rate
- 18.4%
Source: Replace with your source
Retail
Example data- Net Absorption (SF)
- 90,000
- Under Construction (SF)
- 210,000
- Vacancy Rate
- 5.2%
Source: Replace with your source
Hospitality
Example data- RevPAR Growth
- +2.1%
- Occupancy
- 64.3%
- Pipeline (rooms)
- 1,450
Source: Replace with your source
Denver — Recent Deal News
Core Acquisitions, Midloch Investment Buy Shopping Center Near Denver for $30.2M
LAKEWOOD, COLO. — Deerfield, Ill.-based Core Acquisitions and Chicago-based Midloch Investment Partners have acquired Lamar Station Plaza, a regional shopping center in Lakewood, approximately five miles west of downtown Denver. An undisclosed seller sold the asset for $30.2 million. Lamar Station Plaza features…
JLL Arranges $333.3M Refinancing for 1,184-Unit Multifamily Portfolio Near Denver
DENVER — JLL Capital Markets has arranged $333.3 million in bridge financing for Palomino Park, a 1,184-unit multifamily portfolio located in Highlands Ranch, an unincorporated, master-planned community 12 miles south of Denver. Greystar provided the floating-rate loan for the borrower, a real estate fund advised by…
EastGroup Buys Three-Building Logistics Park in Thornton, Colorado for $94.5M
THORNTON, COLO. — EastGroup Properties has acquired 25 Commerce Park, a Class A industrial campus in Thornton, from Rockefeller Group for $94.5 million. Jeremy Ballenger and Tyler Carner of CBRE represented the seller in the deal. CBRE’s Todd Witty and Daniel Close fully leased the project prior to being marketed for…
RedPeak Acquires 101-Unit Manchester Apartments in Denver
DENVER — Denver-based RedPeak has purchased The Manchester, a multifamily community located at 2030 E. 11th Ave. in Denver’s Cheesman Park neighborhood. This is the first time the property has sold since it was developed in 1973. Terms of the transaction were not released. Craig Stack, Bill Morkes and Nate Moyer of…
CentrePoint Properties Divests of 52,743 SF Mixed-Use Property in Wheat Ridge, Colorado
WHEAT RIDGE, COLO. — CentrePoint Properties has completed the sale of Wilmore Center, a mixed-use property in Wheat Ridge, to HCA HealthONE for $14.5 million. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller in the transaction. Situated on 5 acres at 7615 W. 38th Ave., Wilmore…
AC Development Completes First Phase of 14-Acre Mixed-Use Development in Golden, Colorado
GOLDEN, COLO. — AC Development, the Coor’s family development company, has completed The Pottery, an office building that is the first phase of Clayworks, a 14-acre redevelopment of the former CoorsTek ceramics manufacturing site in Golden. The project team for The Pottery includes AC Development as developer, Tryba…
Models
Downloadable Excel models. Drop a file into the models folder and it appears here automatically — no code changes needed.
Model 1
Acquisition underwriting model — add a description once uploaded.
Coming soonModel Description
A guide explaining how the models are structured and how to use them.
Coming soonWaterfall Model
Equity distribution waterfall template.
Coming soonResources
- Model Structure Walkthrough (coming soon)
- Waterfall Structures Explained (coming soon)