Commercial real estate debt is emerging as one of the more compelling opportunities in private markets as higher interest rates shift the real estate recovery toward income generation and favor lenders over property owners, according to Future Standard’s 2026 Midyear Private Markets Outlook.
Future Standard said the commercial real estate market has exited its extended correction, with transaction volume reaching $279 billion during the first half of 2026, up 23 percent from the same period last year. Single-property sales increased 15 percent, although deal momentum has remained uneven amid elevated interest rates, inflation, policy uncertainty and geopolitical pressures.
