Mid-Year Forecast with Jay Marling – July 2026

July 29, 2026

🎙️ On the Spot: Jay Marling Revisits 2026’s Biggest CRE Risks in Mid-Year Forecast

At the beginning of 2026, Capright released its thought leadership piece, “2026 Black Swans – When Black Turns to Gray?“, examining the major risks and uncertainties that could shape CRE markets throughout the year. The article explored how once-unthinkable events often become increasingly visible as market signals emerge, turning “black swans” into shades of gray.

Now, at the halfway point of the year, many of those themes are no longer theoretical.

In the latest episode of Capright’s On the Spot, Steve Williams sits down with Jay Marling to revisit the predictions and risks outlined earlier this year and discuss what has unfolded across the CRE landscape during the first six months of 2026.

From Prediction to Reality

The CRE industry entered 2026 facing a complex mix of challenges, including:

• Elevated interest rates and capital market uncertainty
• Continued stress within segments of the office sector
• Evolving trade policy and geopolitical concerns
• Questions surrounding liquidity, refinancing, and transaction volume
• The accelerating influence of artificial intelligence and technology on real estate fundamentals

In this timely conversation, Jay examines which risks have materialized, which concerns have eased, and which emerging trends could define the remainder of the year.

Looking Ahead to the Second Half of 2026

As we move into the latter half of the year, CRE participants continue to navigate an environment defined by both uncertainty and opportunity.

Jay’s mid-year outlook offers valuable perspective on where the market may be heading next and what industry participants should be watching closely in the months ahead.

The conversation serves as both a reflection on the themes introduced in “2026 Black Swans – When Black Turns to Gray?” and a reminder that successful market participants are often those who recognize changing conditions before they become consensus.

Watch the latest episode of Capright’s On the Spot featuring Jay Marling to gain expert insights on the evolving CRE landscape and what may lie ahead for the remainder of 2026.

📬 Let’s Talk

At Capright, we are uniquely positioned to support institutional investors, operators, and developers navigating this evolving environment. As an independent valuation and advisory firm, we provide clarity, accuracy, and confidence, especially where the stakes are highest.

If you’d like to discuss the findings or need support with your CRE valuation or strategy, reach out to: