Wells Fargo
February 13, 2026
CRE Capital Flows Continue to Strengthen
Sector ReportMacro Economic IndicatorsReal EstateReal Estate
Eased monetary policy and lower federal funds rates are driving a recovery in commercial real estate capital flows, with Q4-2025 seeing broad-based growth in originations.
Key Takeaways
- 1.Lower federal funds rates are actively boosting commercial real estate (CRE) transaction volumes and capital flows.
- 2.Commercial and multifamily originations grew solidly in Q4-2025 on both a sequential and year-over-year basis.
- 3.The recent expansion in CRE lending was primarily driven by banks and investor-driven lending platforms.
Table of Contents
- Summary
- Required Disclosures
- Important Information for Non-U.S. Recipients
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Authors
Charlie DoughertyAli Hajibeigi
Themes
Monetary Policy Transmission to CRERecovery in CRE Capital Markets
Regions
North AmericaUnited States
