In today’s CRE360 Signal Daily Brief for Friday, September 26, 2025:

• Trophy property values tick higher for the second straight month, signaling early recovery at the top end of the market.
• Tariffs push construction costs up nearly 5%, delaying new projects.
• The hospitality workforce surges beyond pre-COVID levels — but at a 35% higher wage bill.
• U.S. hotels see RevPAR dip as occupancy softens, especially in major markets.

🛠 Plus, our CRE360 Take: what investors, lenders, and developers should focus on as pricing bifurcates, construction costs escalate, and hospitality margins tighten.

🔭 Outlook: Fed signals, trade policy, and holiday travel will define the next quarter.

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