Here’s Where Large Multifamily and Hospitality Deals Are Pricing

To understand where commercial real estate is pricing this year, start by looking back to early 2022 when the Federal Reserve's interest rate hikes triggered a sharp decline in institutionally sized property deals. Pricing plummeted, directly tied to the rising rates, and the market's capital flow became more selective, favoring the multifamily and industrial property sectors more broadly and high-quality assets in office and hospitality more selectively.