CoStar News: Hoteliers Welcome Fed's Second Rate Cut of the Year
CoStar News - The Federal Reserve cut interest rates Thursday (10/23/25), as many expected, but Fed Chairman Jerome Powell warned that a December cut “is not a foregone conclusion.”
Greg Friedman joined Schwab Network to talk about how the commercial real estate business is repricing itself as yields remain elevated due to the U.S.-Iran war.
He tells investors in the space to brace for pain on the balance sheet, though it likely creates new opportunities long-term. Greg adds that data centers now make up 1% of commercial real estate, a number set to accelerate and create new headwinds for properties.