• JLL flagged a new commercial real estate liquidity upswing as debt markets hit record credit competition in April 2026.
• Refinancing demand drove lender participation near all-time highs, lifting average winning bank loan-to-value ratios as lenders eased risk limits.
• Investment sales activity improved over the past year as buyer pools expanded, though pricing competition stayed well below 2021 peaks.
• Global bid-ask spreads narrowed sharply from the 2023 trough, signaling firmer price alignment despite lingering gaps in U.S. multifamily.
• Credit market momentum outpaced investment sales since early 2025, reflecting a higher share of refinancing versus new acquisitions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on June 09, 2026, and is solely responsible for the information contained therein.