The Commercial Real Estate Alpha Site

The latest Burns + CRE Daily Fear and Greed Index shows investor sentiment holding in stagnant territory, as elevated interest rates and tighter capital access keep many commercial real estate investors on the sidelines heading into the final stretch of 2026.

By Nina Dale via CRE Daily <— click here to download results and complete research.

Highlights include:

• The Fear & Greed Index ticked down to 55, signaling a market that remains largely stagnant.
• Just 25% of investors increased their CRE exposure in 3Q26, as most stayed on the sidelines amid elevated rates, prices, and policy uncertainty.
• Retail was investors’ strongest-performing sector, while office continued to lag.
• Access to capital worsened sharply as rising Treasury yields and renewed inflation pressure pushed up borrowing costs.
• Multifamily and office values declined year-over-year, while industrial and retail posted gains.
• Just 37% of investors plan to increase exposure over the next six months, the lowest share in the survey’s history.