Industrial actual property lending exercise improved additional within the first quarter of 2026 to its highest degree in 5 years, supported by elevated common mortgage sizes, extra non-agency loans and comparatively secure spreads and improved loan-to-value ratios, in keeping with the CBRE Lending Momentum Index. The Index rose to 1.5 on the finish of Q1, up from 1.2 in This fall 2025 and 0.3 a 12 months earlier. The common mortgage dimension elevated 14% year-over-year in Q1.
“We proceed to see a extra disciplined, but more and more wholesome business actual property lending surroundings,” stated CBRE’s James Millon, president & co-head of Capital Markets, U.S. & Canada. “Rising acquisition exercise is driving significant value and worth discovery, whereas recent fairness helps rebalance lender and securitized portfolios.”
The CBRE Lending Momentum Index tracks the tempo of CBRE‑originated business mortgage closings within the U.S. over a 36‑month interval. Increased readings sign stronger lending momentum and improved sentiment.
