<description>&lt;h3&gt;&lt;span style="background-color: transparent;"&gt;US commercial real estate started 2026 on steady footing, but the story varies considerably depending on what part of the market you look at. In this episode of CRE Exchange, our hosts are joined by Alex Jaffe and Mike Amthor from Altus Group's Valuation Advisory practice to discuss Q1 2026 ODCE index results alongside REIT earnings themes. The team also takes a look at the residential market inversion between Sun Belt and gateway cities, the SoCal industrial softness that isn't clearing yet, and what fund managers are saying about 2026 and 2027 as a potential entry point for long-term capital deployment.&lt;/span&gt;&lt;/h3&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;h3&gt;&lt;strong style="background-color: transparent;"&gt;Key moments&lt;/strong&gt;&lt;/h3&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;h3&gt;&lt;span style="background-color: transparent;"&gt;01:27 Meet the guests&lt;/span&gt;&lt;/h3&gt;&lt;h3&gt;&lt;span style="background-color: transparent;"&gt;02:25 ODCE data primer&lt;/span&gt;&lt;/h3&gt;&lt;h3&gt;&lt;span style="background-color: transparent;"&gt;03:17 Q1 returns and CapEx&lt;/span&gt;&lt;/h3&gt;&lt;h3&gt;&lt;span style="background-color: transparent;"&gt;06:38 REIT crosscheck&lt;/span&gt;&lt;/h3&gt;&lt;h3&gt;&lt;span style="background-color: transparent;"&gt;08:43 Sector pecking order&lt;/span&gt;&lt;/h3&gt;&lt;h3&gt;&lt;span style="background-color: transparent;"&gt;11:08 Multifamily market split&lt;/span&gt;&lt;/h3&gt;&lt;h3&gt;&lt;span style="background-color: transparent;"&gt;13:55 Industrial soft spots&lt;/span&gt;&lt;/h3&gt;&lt;h3&gt;&lt;span style="background-color: transparent;"&gt;16:12 SoCal strategy and REIT themes&lt;/span&gt;&lt;/h3&gt;&lt;h3&gt;&lt;span style="background-color: transparent;"&gt;19:14 Office leasing reality&lt;/span&gt;&lt;/h3&gt;&lt;h3&gt;&lt;span style="background-color: transparent;"&gt;22:21 Retail strength and risks&lt;/span&gt;&lt;/h3&gt;&lt;h3&gt;&lt;span style="background-color: transparent;"&gt;28:31 Self storage spotlight&lt;/span&gt;&lt;/h3&gt;&lt;h3&gt;&lt;span style="background-color: transparent;"&gt;31:50 Client questions and outlook&lt;/span&gt;&lt;/h3&gt;&lt;h3&gt;&lt;span style="background-color: transparent;"&gt;35:00 Rates leverage and wrap up&lt;/span&gt;&lt;/h3&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;h3&gt;&lt;strong style="background-color: transparent;"&gt;Resources mentioned&lt;/strong&gt;&lt;/h3&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;h3&gt;&lt;span style="background-color: transparent;"&gt;Altus’ Q1 valuation and performance trends analysis of the NCREIF ODCE Index: &lt;/span&gt;&lt;a href="https://www.altusgroup.com/webinars/ncreif-odce-index-quarterly-analysis/#featured" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);"&gt;https://www.altusgroup.com/webinars/ncreif-odce-index-quarterly-analysis/#featured&lt;/a&gt;&lt;span style="background-color: transparent;"&gt;&amp;nbsp;&lt;/span&gt;&lt;/h3&gt;&lt;h3&gt;&lt;span style="background-color: transparent;"&gt;Alex Jaffe: &lt;/span&gt;&lt;a href="https://www.linkedin.com/in/alexander-jaffe-mai/" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);"&gt;https://www.linkedin.com/in/alexander-jaffe-mai/&lt;/a&gt;&lt;span style="background-color: transparent;"&gt;&amp;nbsp;&lt;/span&gt;&lt;/h3&gt;&lt;h3&gt;&lt;span style="background-color: transparent;"&gt;Mike Amthor: &lt;/span&gt;&lt;a href="https://www.linkedin.com/in/michael-amthor-40865154/" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);"&gt;https://www.linkedin.com/in/michael-amthor-40865154/&lt;/a&gt;&lt;span style="background-color: transparent;"&gt;&amp;nbsp;&lt;/span&gt;&lt;/h3&gt;</description>

CRE Exchange: Commercial Real Estate, Property Valuations, Real Estate Analytics and Property Tax

Altus Group

What the Q1 2026 ODCE and REIT data say about CRE right now

MAY 28, 202638 MIN
CRE Exchange: Commercial Real Estate, Property Valuations, Real Estate Analytics and Property Tax

What the Q1 2026 ODCE and REIT data say about CRE right now

MAY 28, 202638 MIN

Description

US commercial real estate started 2026 on steady footing, but the story varies considerably depending on what part of the market you look at. In this episode of CRE Exchange, our hosts are joined by Alex Jaffe and Mike Amthor from Altus Group's Valuation Advisory practice to discuss Q1 2026 ODCE index results alongside REIT earnings themes. The team also takes a look at the residential market inversion between Sun Belt and gateway cities, the SoCal industrial softness that isn't clearing yet, and what fund managers are saying about 2026 and 2027 as a potential entry point for long-term capital deployment.Key moments01:27 Meet the guests02:25 ODCE data primer03:17 Q1 returns and CapEx06:38 REIT crosscheck08:43 Sector pecking order11:08 Multifamily market split13:55 Industrial soft spots16:12 SoCal strategy and REIT themes19:14 Office leasing reality22:21 Retail strength and risks28:31 Self storage spotlight31:50 Client questions and outlook35:00 Rates leverage and wrap upResources mentionedAltus’ Q1 valuation and performance trends analysis of the NCREIF ODCE Index: https://www.altusgroup.com/webinars/ncreif-odce-index-quarterly-analysis/#featured Alex Jaffe: https://www.linkedin.com/in/alexander-jaffe-mai/ Mike Amthor: https://www.linkedin.com/in/michael-amthor-40865154/