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Commercial Real Estate
17:16 minutes long
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real estate cap rates minus 10-year Treasury
U.S. Cap Rate Spread
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Average Cap Rate spread 1991 to 2019 = 342 bps
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As of Q3 2025 = 172 bps
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Today's Cap Rate Range: 6.12% to 7.82%
10-Year Treasury
30-Year Fixed Rate Mortgage
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A New Challenge for Commercial Real Estate on the Horizon
How Michael Milken did it in the 1980's
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