The Fed answered a major question two weeks ago when it cut interest rates by 50 basis points, but that has spawned new questions about the economy and the impact on commercial real estate.

Many investors are asking why the 10-year Treasury went up after the Fed cut the overnight rate, said Marcus & Millichap national director of research and advisory services John Chang.

"Although the many different US Treasury rates tend to move in the same direction, like an unruly herd, they don't move in lockstep," said Chang. "The timing and magnitude of interest rate movements of various maturity terms can vary, and they can even go in opposite directions over the short term."