This dramatic shift in borrowing costs signals a new “normal” and will directly impact industries like commercial real estate that have prospered in the low-interest-rate environment. As borrowing costs rise and valuations come under pressure, cap rates will increase as the market adjusts to this higher cost of capital.

Gil Borok, Colliers U.S. and Latin America CEO, joins 'Money Movers' to discuss if Borok thinks rate cuts mark the peak in commercial real estate delinquencies, how the chief executive sees the current environment,