Tracking the economy and CRE through a government data blackout
16 Oct 2025
Even with the federal data slowdown, there are still alternative indicators that give us a view into what’s happening in the US economy and commercial real estate. In this episode, our hosts, Omar Eltorai and Cole Perry, lean on data from private providers and trade organizations to uncover what’s happening across consumers, small businesses, labor, and financial markets and what it all means for CRE. They’re joined by Andrew Pabon from Altus Group’s Valuation Advisory team to share insights on the CRE debt space.
Resources mentioned:
Key moments
01:31 Labor market indicators
05:35 Consumer data insights
13:21 Financial market conditions and business data
17:01 Small business economic trends
20:51 CRE credit trends and debt market insights
28:41 Interview with Andrew Pabon on the US CRE debt landscape
41:24 Upcoming economic data releases
Our guest and hosts
Andrew Pabon
Director Global Advisory
Altus Group
Omar Eltorai
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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