Episode 70: Office Delinquency Hits Record 12.34% — Weekly Wrap-Up

It's Friday, March 27th, 2026 — time for your weekly CRE market wrap-up.WHAT'S HOT:Data centers at 97% global occupancy — landlords have serious negotiating leverage$3 trillion in data center infrastructure investment expected by 2030Retail pricing expected to hit record highs in 2026Shopping center foot traffic up 1% YoY to 10.1 billion visitsOffice vacancy down to 17.6% in February — down 2 percentage points YoYOffice attendance at nearly 70% of pre-pandemic levelsMBA forecasts $805 billion in CRE originations for 2026 (+27% from 2025)Commercial mortgage rates between 5.71% and 5.96%10-year Treasury at 4.15%WHAT'S NOT:Office CMBS delinquency hit record 12.34%Overall CMBS delinquency at 7.47%$3.18 billion in CMBS loans hitting hard maturity this month17% of outstanding commercial mortgage balances mature in 2026Industrial cooling — vacancy stabilizing, rent growth moderatePower constraints limiting data center expansionData center construction costs averaging $11.3M per megawattDEALS OF THE WEEK:Prologis & GIC: $1.6B logistics joint ventureBreakthrough Properties: $465M CMBS loan for San Diego life science campusEQT Real Estate: 2M SF infill logistics portfolio in Southern New JerseySL Green JV: $1.7B refi in progress for Manhattan buildingINVESTOR TAKEAWAY:Data centers and retail are leading. Office is stabilizing but watch the delinquencies. Industrial is normalizing after years of outperformance. Capital is flowing — focus on quality assets with strong fundamentals.#CommercialRealEstate #CRE #WeeklyWrapUp #DataCenters #OfficeRealEstate #RetailRealEstate #Industrial #CMBS #CapitalMarkets #RealEstateInvesting #CREInvesting #MarketUpdate #Delinquency #Prologis #SLGreen #LifeScience #Logistics #MultifamilyInvesting #RealEstateNews #InvestorInsights #DailyPodcast #WhatsHotWhatsNot]]>