Delinquencies triple in two years, pushing losses to their fastest pace since the global financial crisis.

CBRE reports $6.1 billion in Q4 activity, as a Welltower portfolio deal fuels the strongest year since 2022.

Hyperscale tenants favor flexibility as tech cycles accelerate, reshaping lease structures and reporting.

Executives report stabilization, but cautious optimism persists for 2026 recovery.