# Economic context

Latest available US observations from official FRED CSV downloads. Monthly and quarterly dates label the observation period, not the release date. Release dates are unavailable in these CSVs. Differences compare consecutive available observations, not weekly changes. Snapshots retain revised values as retrieved; no pre-collection vintage history is claimed. These indicators do not measure local CRE rents, vacancy, absorption or NOI.

## 10-year Treasury yield

5.22 Percent; observation 2026-10-08. Previous 5.28 (2026-10-07); change -0.06 percentage points. Retrieved 2026-10-12T13:55:54.567Z.

National financing context; not a commercial mortgage rate. Not seasonally adjusted. Daily.

Collection stale: false; observation outside expected age: false; latest collection error: none.

Source: https://fred.stlouisfed.org/series/DGS10

## Unemployment rate

4.2 Percent; observation 2026-09-01. Previous 4.1 (2026-08-01); change 0.1 percentage points. Retrieved 2026-10-12T13:55:54.567Z.

National labor market; not local office demand. Seasonally adjusted. Monthly.

Collection stale: false; observation outside expected age: false; latest collection error: none.

Source: https://fred.stlouisfed.org/series/UNRATE

## Consumer price index

334.131 Index 1982–1984=100; observation 2026-08-01. Previous 332.813 (2026-07-01); change 1.318 index points. Retrieved 2026-10-12T13:55:54.567Z.

Consumer prices; not building operating costs. Seasonally adjusted. Monthly.

Collection stale: false; observation outside expected age: false; latest collection error: none.

Source: https://fred.stlouisfed.org/series/CPIAUCSL

## Bank CRE loan delinquency rate, excluding farmland

1.53 Percent; observation 2026-04-01. Previous 1.56 (2026-01-01); change -0.03 percentage points. Retrieved 2026-10-12T13:55:54.567Z.

All commercial banks, domestic offices; not CMBS delinquency or a property-type vacancy measure. Seasonally adjusted. Quarterly.

Collection stale: false; observation outside expected age: false; latest collection error: none.

Source: https://fred.stlouisfed.org/series/DRCRELEXFACBS