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 Sep 18, 2026, 4:12 PM · refreshes automatically every few hours
Real, current figures pulled directly from the Federal Reserve (FRED) — not estimates.
Fed Funds Rate
3.63%
As of Aug 1, 2026 · Source: Federal Reserve (FRED) ↗
10-Year Treasury
5.01%
As of Sep 16, 2026 · Source: Federal Reserve (FRED) ↗
30-Year Mortgage
6.95%
As of Sep 17, 2026 · Source: Federal Reserve (FRED) ↗
The effective Fed Funds Rate stands at 3.63%, while the 10-Year Treasury trades at 5.01% — a positive spread of 138 basis points, a common read on the market's growth and inflation expectations. The average 30-year mortgage rate of 6.95% sits 194 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.
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.
Placing 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
Denver'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
Tailwinds
Source: Replace with your source
Source: Replace with your source
Source: Replace with your source
Source: Replace with your source
Source: Replace with your source
COLORADO SPRINGS, COLO. — Thompson Thrift has opened Switch, a multifamily community in Colorado Springs. Thompson Thrift 2023 Multifamily Development L.P. provided equity for the development. Situated on 11 acres at the intersection of Voyager Parkway and North Gate Boulevard, Switch features 276 one-, two- and…
LAKEWOOD, COLO. — BWE Investment Sales (BWEIS) has arranged the sale of Lakewood Reserve Senior Living, a 137-unit assisted living and memory care community located in Lakewood, approximately eight miles southwest of downtown Denver. BWEIS represented the seller, a private equity seniors housing investor, in the…
Downloadable Excel models. Drop a file into the models folder and it appears here automatically — no code changes needed.
Acquisition underwriting model — add a description once uploaded.
Coming soonA guide explaining how the models are structured and how to use them.
Coming soonEquity distribution waterfall template.
Coming soon