Hot inflation, soft growth, and a CRE market caught in the middle
26 Mar 2026
Cole Perry and Omar Eltorai dig into the latest macro data and benchmark today's landscape against some uncomfortable historical parallels. Drawing on three major economist surveys covering more than 100 forecasters, they also map out where there's consensus, where there's divergence, and what it all means for CRE performance and capital markets.
Key moments
00:48 - Stat of the day: CRE pricing through the 1970s
02:29 - 70’s déjà vu
06:31 - Hot PPI inflation
08:40 - Fed holds rates
13:33 - Housing sales slide
16:21 - Wholesale inventories
18:56 - Economist surveys outlook
26:19 - Upcoming data and events
27:02 - Catch us at the ARES conference
Your hosts
Omar Eltorai
Senior Director of Research
Altus Group
Cole Perry
Associate Director of Research
Altus Group
Resources
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Disclaimer
This publication has been prepared for general guidance on matters of interest only and does not constitute professional advice or services of Altus Group, its affiliates and its related entities (collectively “Altus Group”). You should not act upon the information contained in this publication without obtaining specific professional advice.
A number of factors may influence the performance of the commercial real estate market, including regulatory conditions and economic factors such as interest rate fluctuations, inflation, changing investor sentiment, and shifts in tenant demand or occupancy trends. We strongly recommend that you consult with a qualified professional to assess how these and other market dynamics may impact your investment strategy, underwriting assumptions, asset valuations, and overall portfolio performance.
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