In this episode, we examine the latest cap rate survey from CBRE and what it reveals about today’s commercial real estate pricing. The report shows unusually wide cap rate dispersion across asset classes—largely driven by elevated pricing risk in Class B and C office properties—while also hinting at early signs of stabilization. We break down what the survey actually says, why the spread between cap rates matters, and what it could mean for transaction activity and investment strategy in the months ahead.