What’s the takeaway? Commercial real estate is a classic cyclical… — Macro & Markets | Reza Ghanipour — TG.ME

What’s the takeaway? Commercial real estate is a classic cyclical asset. Easy money and abundant credit push prices higher for years. Higher rates or economic shocks trigger sharp corrections. Key point: these are real prices (inflation-adjusted). Even after stripping out CPI, we still see swings of 30–40%+. That matters a lot for long-term investors, REITs, and banks — it directly hits collateral values and real returns. The current correction looks pretty consistent with past patterns… just mixed with higher-for-longer rates and post-COVID shifts (remote work pressure on offices, etc.). Bottom line: US commercial property has a habit of correcting meaningfully after long easy-money periods. Short-term horizon? Stay cautious. Long-term? These swings are part of the game. ➖➖➖➖➖➖➖➖ @RezaMacroEdge