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Featured Analysis

Q1 2026 CRE Market Update: From Stabilization to Expansion

The commercial real estate market is demonstrating clear signs of recovery in Q1 2026. Key indicators — rate stabilization, rising sales volume, cap rate compression, and positive pricing across all asset classes — signal a shift into expansion mode.

NNN Research Desk8 min readMar 2, 2026

10-Year Treasury YieldFRED DGS10

4.13%+4 bps

infoWhy the 10-Year Matters for CRE

The 10-year Treasury yield is the benchmark rate that drives commercial real estate valuations. CRE loans, especially CMBS, are typically priced as a spread over the 10-year. When yields fall, borrowing costs decrease and property values tend to rise. Cap rate spreads over the 10-year determine whether investors achieve positive leverage - earning more from property income than they pay in debt service. A wider spread signals stronger risk-adjusted returns for NNN investors.

Today's Intelligence

Market Update

1540 Broadway Secures 74K SF of New Office Leases

GFP Real Estate and BDT & MSD Partners announced that 1540 Broadway has signed more than 74,000 square feet in new long-term office leases with Pandora Jewelry and Woori Bank New York Agency. The transactions coincide with significant progress on the Fogarty Finger–led renovation of the 907,000-square-foot property. In the first transaction, Pandora Jewelry, LLC signed a long-term lease for the entire 34th floor totaling 27,936 square feet, ... The post 1540 Broadway Secures 74K SF of New O

1 min read

Market Update

Slatt Arranges Life Company Financing for Pasadena Mixed-Use

Slatt Capital, a nationally recognized commercial mortgage banking firm, closed a financing transaction totaling $10.2 million for a mixed-use project in Pasadena. San Diego-based principal Gary Goss led the refinancing transaction for The Standard, a 27,389-square-foot multi-tenant, mixed-use property built in 1905. The life company transaction featured a five-year term and was executed as debt financing. Assistant ... The post Slatt Arranges Life Company Financing for Pasadena Mixed-Use

1 min read

Market Update

Marcus & Millichap Closes Sale of Court Square Development Site

Marcus & Millichap closed the $9.75-million sale of 42-81 Hunter St., a development site in the Court Square neighborhood of Long Island City, Queens. David Cornejo, Shaun Riney and Sean Fopeano of Marcus & Millichap’s New York City office, represented the seller, Werwaiss Properties, and procured the buyer, BS Northern Realty LLC. “By leveraging real-time market intelligence, our team was able to exceed ownership’s original pricing expectations,” said Cornejo. “Our strategic ... The post

1 min read

Market Update

Lender Acquires Irvine Concourse Offices for Headquarters Use

Newmark represented West Capital Lending in its $23.75-million acquisition of 17911 Von Karman Ave., a 104,375-square-foot, five-story Class A office building located in the Irvine Concourse submarket of Irvine. Executive managing directors Jay Nugent and Scott Read represented the buyer. The seller was John Hancock Life Insurance, which had owned the building since 2016. In ... The post Lender Acquires Irvine Concourse Offices for Headquarters Use appeared first on Connect CRE .

1 min read

Market Update

Marx Realty Launches Expansion at Yonkers’ Cross County Center

Marx Realty has begun construction on a two-building, 58,000-square-foot retail expansion at Cross County Center in Yonkers, NY. The 1.15-million-square-foot retail center, originally housing 30 stores when it opened in 1954, is now home to more than 100 retail, dining, educational and entertainment outposts across several buildings. “The incredible demand for space at Cross County ... The post Marx Realty Launches Expansion at Yonkers’ Cross County Center appeared first on Connect CRE .

1 min read

Market Update

MassDevelopment Names New Leader in Devens

Michael R. Sweeney will join MassDevelopment later this month as EVP of Devens operations. Sweeney will serve as MassDevelopment’s lead staff person in Devens – with oversight of its departments of public safety (including fire and police), public works, recreation and utilities – and serve as a member of the agency’s executive team. “Under MassDevelopment’s stewardship, Devens has become a model ... The post MassDevelopment Names New Leader in Devens appeared first on Connect CRE .

1 min read

Tenant	Type	Price	Cap Rate	Lease	Market
JLL IPT Adds Watertown Complex to Healthcare Portfolio	NNN Deal	$32M	N/A	N/A
Aldi	Grocery	$3,850,000	5.35%	15 yrs	St. Louis, MO
Caliber Collision	Auto Service	$2,350,000	5.80%	15 yrs	Phoenix, AZ
Boot Barn	Retail	$4,200,000	5.90%	10 yrs	Fort Worth, TX
Sherwin-Williams	Retail	$1,750,000	5.60%	10 yrs	Cleveland, OH
Advance Auto Parts	Auto Parts	$1,500,000	6.75%	10 yrs	Richmond, VA
RaceTrac	Convenience	$3,600,000	4.95%	15 yrs	Atlanta, GA
Casey's General Stores	Convenience	$3,200,000	5.15%	15 yrs	Des Moines, IA
Sheetz	Convenience	$4,750,000	4.70%	20 yrs	Roanoke, VA
Buc-ee's	Convenience	$18,500,000	4.40%	20 yrs	Daytona Beach, FL
QuikTrip	Convenience	$3,900,000	4.80%	20 yrs	Tulsa, OK
Big Lots	Retail	$2,800,000	7.50%	5 yrs	Tulsa, OK
Family Dollar	Discount	$1,100,000	7.10%	7 yrs	Jackson, MS
Dollar General	Discount	$1,550,000	6.40%	15 yrs	Birmingham, AL
Five Below	Discount	$2,400,000	5.85%	10 yrs	Tampa, FL
Dollar Tree	Discount	$1,275,000	6.50%	10 yrs	Little Rock, AR
Penske Truck Leasing	Industrial	$4,300,000	5.90%	12 yrs	Salt Lake City, UT
UPS Distribution	Industrial	$9,750,000	5.45%	15 yrs	Louisville, KY
XPO Logistics	Industrial	$6,800,000	6.10%	10 yrs	Cincinnati, OH
DHL Supply Chain	Industrial	$7,200,000	5.80%	12 yrs	Memphis, TN
Amazon Last Mile	Industrial	$12,500,000	5.25%	10 yrs	Dallas, TX
Oak Street Health	Medical	$4,100,000	5.50%	15 yrs	Chicago, IL
Dialysis Clinic Inc.	Medical	$3,400,000	6.20%	10 yrs	Memphis, TN
Aspen Dental	Medical	$2,250,000	5.75%	12 yrs	Nashville, TN
Heartland Dental	Medical	$1,800,000	6.15%	10 yrs	Boise, ID
Rite Aid	Pharmacy	$1,350,000	7.80%	5 yrs	Scranton, PA
Popeyes	QSR	$2,200,000	5.40%	15 yrs	New Orleans, LA
Whataburger	QSR	$3,450,000	4.90%	20 yrs	Austin, TX
Chipotle Mexican Grill	Fast Casual	$2,650,000	4.60%	15 yrs	Denver, CO
Wendy's	QSR	$2,100,000	5.25%	15 yrs	Columbus, OH
McDonald's	QSR	$2,400,000	4.25%	20 yrs	Orlando, FL
Hobby Lobby	Retail	$5,200,000	6.35%	15 yrs	Oklahoma City, OK
Fresenius Medical Care	Medical	$2,650,000	6.00%	10 yrs	Atlanta, GA
Wawa	Convenience	$4,250,000	4.95%	20 yrs	Jacksonville, FL
CVS Pharmacy	Pharmacy	$3,100,000	5.50%	18 yrs	Raleigh, NC
Raising Cane's	QSR	$2,850,000	4.75%	15 yrs	Houston, TX
DaVita Kidney Care	Medical	$2,900,000	5.90%	12 yrs	Orlando, FL
AutoZone	Auto Parts	$1,680,000	6.10%	15 yrs	San Antonio, TX
Tractor Supply Co.	Farm & Ranch	$3,800,000	5.70%	15 yrs	Lexington, KY
Starbucks	QSR	$1,950,000	4.85%	10 yrs	Scottsdale, AZ
FedEx Ground	Industrial	$8,450,000	5.65%	12 yrs	Indianapolis, IN
7-Eleven	Convenience	$2,750,000	5.10%	20 yrs	Phoenix, AZ
Chick-fil-A	QSR	$3,200,000	4.50%	20 yrs	Charlotte, NC
O'Reilly Auto Parts	Auto Parts	$1,850,000	5.95%	20 yrs	Dallas, TX
Dollar General	Discount	$1,425,000	6.25%	15 yrs	Nashville, TN
Walgreens	Pharmacy	$2,100,000	5.80%	15 yrs	Tampa, FL
Undisclosed Tenant	Retail	$18.00M	N/A
Undisclosed Tenant	Industrial	$575.00M	N/A
Undisclosed Tenant	Retail	$60.00M	N/A
Amazon	Industrial	$427.00M	N/A		GW

Tenant

Type

Price

Cap Rate

Lease

Market

JLL IPT Adds Watertown Complex to Healthcare Portfolio

NNN Deal

$32M

N/A

Aldi

Grocery

$3,850,000

5.35%

15 yrs

St. Louis, MO

Caliber Collision

Auto Service

$2,350,000

5.80%

15 yrs

Phoenix, AZ

Boot Barn

Retail

$4,200,000

5.90%

10 yrs

Fort Worth, TX

Sherwin-Williams

Retail

$1,750,000

5.60%

10 yrs

Cleveland, OH

Advance Auto Parts

Auto Parts

$1,500,000

6.75%

10 yrs

Richmond, VA

RaceTrac

Convenience

$3,600,000

4.95%

15 yrs

Atlanta, GA

Casey's General Stores

Convenience

$3,200,000

5.15%

15 yrs

Des Moines, IA

Sheetz

Convenience

$4,750,000

4.70%

20 yrs

Roanoke, VA

Buc-ee's

Convenience

$18,500,000

4.40%

20 yrs

Daytona Beach, FL

QuikTrip

Convenience

$3,900,000

4.80%

20 yrs

Tulsa, OK

Big Lots

Retail

$2,800,000

7.50%

5 yrs

Tulsa, OK

Family Dollar

Discount

$1,100,000

7.10%

7 yrs

Jackson, MS

Dollar General

Discount

$1,550,000

6.40%

15 yrs

Birmingham, AL

Five Below

Discount

$2,400,000

5.85%

10 yrs

Tampa, FL

Dollar Tree

Discount

$1,275,000

6.50%

10 yrs

Little Rock, AR

Penske Truck Leasing

Industrial

$4,300,000

5.90%

12 yrs

Salt Lake City, UT

UPS Distribution

Industrial

$9,750,000

5.45%

15 yrs

Louisville, KY

XPO Logistics

Industrial

$6,800,000

6.10%

10 yrs

Cincinnati, OH

DHL Supply Chain

Industrial

$7,200,000

5.80%

12 yrs

Memphis, TN

Amazon Last Mile

Industrial

$12,500,000

5.25%

10 yrs

Dallas, TX

Oak Street Health

Medical

$4,100,000

5.50%

15 yrs

Chicago, IL

Dialysis Clinic Inc.

Medical

$3,400,000

6.20%

10 yrs

Memphis, TN

Aspen Dental

Medical

$2,250,000

5.75%

12 yrs

Nashville, TN

Heartland Dental

Medical

$1,800,000

6.15%

10 yrs

Boise, ID

Rite Aid

Pharmacy

$1,350,000

7.80%

5 yrs

Scranton, PA

Popeyes

QSR

$2,200,000

5.40%

15 yrs

New Orleans, LA

Whataburger

QSR

$3,450,000

4.90%

20 yrs

Austin, TX

Chipotle Mexican Grill

Fast Casual

$2,650,000

4.60%

15 yrs

Denver, CO

Wendy's

QSR

$2,100,000

5.25%

15 yrs

Columbus, OH

McDonald's

QSR

$2,400,000

4.25%

20 yrs

Orlando, FL

Hobby Lobby

Retail

$5,200,000

6.35%

15 yrs

Oklahoma City, OK

Fresenius Medical Care

Medical

$2,650,000

6.00%

10 yrs

Atlanta, GA

Wawa

Convenience

$4,250,000

4.95%

20 yrs

Jacksonville, FL

CVS Pharmacy

Pharmacy

$3,100,000

5.50%

18 yrs

Raleigh, NC

Raising Cane's

QSR

$2,850,000

4.75%

15 yrs

Houston, TX

DaVita Kidney Care

Medical

$2,900,000

5.90%

12 yrs

Orlando, FL

AutoZone

Auto Parts

$1,680,000

6.10%

15 yrs

San Antonio, TX

Tractor Supply Co.

Farm & Ranch

$3,800,000

5.70%

15 yrs

Lexington, KY

Starbucks

QSR

$1,950,000

4.85%

10 yrs

Scottsdale, AZ

FedEx Ground

Industrial

$8,450,000

5.65%

12 yrs

Indianapolis, IN

7-Eleven

Convenience

$2,750,000

5.10%

20 yrs

Phoenix, AZ

Chick-fil-A

QSR

$3,200,000

4.50%

20 yrs

Charlotte, NC

O'Reilly Auto Parts

Auto Parts

$1,850,000

5.95%

20 yrs

Dallas, TX

Dollar General

Discount

$1,425,000

6.25%

15 yrs

Nashville, TN

Walgreens

Pharmacy

$2,100,000

5.80%

15 yrs

Tampa, FL

Undisclosed Tenant

Retail

$18.00M

N/A

Undisclosed Tenant

Industrial

$575.00M

N/A

Undisclosed Tenant

Retail

$60.00M

N/A

Amazon

Industrial

$427.00M

N/A

Featured Analysis

Q1 2026 CRE Market Update: From Stabilization to Expansion

NNN Research Desk8 min readMar 2, 2026

10-Year Treasury YieldFRED DGS10

4.13%+4 bps

infoWhy the 10-Year Matters for CRE

Today's Intelligence

Market Update

Sector News

Marcus & Millichap Closes Sale of Court Square Development Site

Recent Deals

CRE Sectors

Retail NNN

Industrial

Office

Multifamily

Data Centers

Medical Office

Self Storage

Hospitality

Strip Malls

Latest Articles

Strategies for Adding Value in TripleNet Lease Properties

Creative Financing Strategies for Small Investors

Understanding Easements and Right-of-Way in Commercial Properties

CRE Investor Calculators

Cap Rate Calculator

Cash Flow Analyzer

IRR Estimator

Lease Analyzer

Join 12,400+ CRE investors

Sector News

Marcus & Millichap Closes Sale of Court Square Development Site

Recent Deals

CRE Sectors

Retail NNN

Industrial

Office

Multifamily

Data Centers

Medical Office

Self Storage

Hospitality

Strip Malls

Latest Articles

Strategies for Adding Value in TripleNet Lease Properties

Creative Financing Strategies for Small Investors

Understanding Easements and Right-of-Way in Commercial Properties

CRE Investor Calculators

Cap Rate Calculator

Cash Flow Analyzer

IRR Estimator

Lease Analyzer

Join 12,400+ CRE investors