The Mid-2025 Reset

How Tax Reform, Trade Shocks, and Cost Pressures Are Repricing Commercial Real Estate

Happy Monday! The commercial real estate (CRE) market in mid-2025 is undergoing one of its most significant recalibrations in over a decade. As someone who's spent the better part of three decades in the trenches—from deal structuring and fundraising to asset management—I can tell you: markets don't reset overnight, but the signals we’re seeing now are …