
CRE Exchange
Catch our bi-weekly podcast as our hosts Omar Eltorai and Cole Perry cover what's happening in the world of commercial real estate.
The CRE Exchange is your go-to podcast for all matters commercial real estate
Hear cutting-edge conversations with industry experts, providing CRE professionals with insights into market behaviors and analysis, enabling them to discover new opportunities and better manage risks and costs.
Whether you buy or build, assist or advise, if you are a key stakeholder in the CRE space, this show is for you.
FEATURED episode
Rates spike, spreads diverge, and power infrastructure reshapes industrial
Cole Perry and Omar Eltorai work through the latest economic data that's reshaping commercial real estate: labor weakening in office sectors, construction capital concentrating almost entirely in data centers, and the 10-year treasury closing at 5.29% - the highest since 2002. Credit spreads tell an interesting story, diverging sharply between investment-grade and high-yield. The back half dives into Cole's research on power infrastructure and industrial pricing: whether proximity to power generation actually moves property values, how that premium has shifted since 2022, and what it signals about where industrial demand is headed.
Meet your hosts

Omar Eltorai
Senior Director of Research
Altus Group
Omar Eltorai is a Research Director at Altus Group. With more than a decade of experience in the industry in investment management and financing roles,
Omar's focus is on macro, capital and market trends affecting the US CRE market. Beyond regularly authoring articles and reports, his commentary and analysis has been featured in various media publications, including: Wall Street Journal, Globe Street, and Yahoo! Finance.

Cole Perry
Associate Director of Research
Altus Group
Cole Perry is a Associate Director of Research with Altus Group's Research team. In this role, Cole delivers key insights into macroeconomics, capital markets, and the broader commercial real estate sector.
Cole boasts a rich background in Commercial Real Estate analytics with previous roles at CompStak and Brixmor Property Group. He holds dual M.S. degrees from Columbia University in Urban Planning and Real Estate Development.
Resources
Latest podcasts



Sep 10, 2026
Labor data diverges, data centers dominate Beige Book, CRE implications from bond rout



