The market has really ebbed and flowed over the last 12 months. There were spurts of positive progress coupled with deterrents. I think this recent rate cut will help the macro environment but many of the fundamentals have remained the same. As a whole, the country is in an interesting political environment, which is perhaps more impactful to the economy than raw economic data.
Owners Council 2025
Owners Council Q&A: Katie Kurtz
When I joined Denholtz in 2024, gridlocked capital markets and broad uncertainty made transacting difficult. At that time, the industry was waiting for the long-promised rate cuts that would unlock deal flow. Fast forward a year, and we’ve finally received the first of what should be a series of cuts. While the full impact will take time, I anticipate we will begin to see the pricing clarity that’s essential for the market to function. This shift gives me more optimism heading into 2026 than I felt at the close of last year.
Owners Council Q&A: Mark Shearer
We are seeing more tours from brand name companies with great credit, but decision makers still aren’t ready to make a commitment. Liquidity is coming back into the market; Amazon is back in the market. Construction starts are down and the fundamentals are improving but there is still uncertainty in the market.
