There’s good news, for sure, but many CRE pros are wary about uncertainty.

By Erik Sherman | GlobeSt. | April 08, 2025

When the 10-year Treasury yield declines, it might initially seem like a positive development. Lowering the risk-free portion of longer-term interest rates should, in theory, make financing more accessible. However, this shift comes amidst a wave of uncertainty engulfing the U.S. financial system and economy, leaving many in the commercial real estate sector cautious…

Harold Bordwin, principal and managing partner at Keen-Summit Capital Partners, added further context: “A falling yield on that security means that the pricing of real estate debt should follow, and if the pricing of debt is falling, valuations would typically be rising.” Yet he tempers this with a warning: “The issue today is the massive amount of turbulence and uncertainty in the market.”

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