Cap rates compared with the 10-year Treasury
Buyers and investors: when a property earns barely more than a Treasury bond, today's prices leave little cushion. Expect room to negotiate price and terms, and run the numbers at current loan rates.
Owners: with a thin spread, buyers price to the numbers. Pricing to the market from day one sells faster than chasing it down.
Tenants: higher borrowing costs put pressure on owners, which can mean more room on rent and concessions at renewal.
Sample for illustration; figures change and will become outdated. Sources: Kidder Mathews, Los Angeles Industrial Q2 2026 (CoStar data); Lee & Associates, Los Angeles Multifamily Q3 2026; Board of Governors of the Federal Reserve System via FRED (GS10). Interpretation is Exponential Acquisition's own analysis; other analysts may read the data differently.











