Economy
Tariffs and related policy uncertainty will result in slower growth and renewed inflationary pressures in the second half of 2025, but a recession will be avoided. We expect that policy—both in terms of trade and Fed rate cuts—will shift favorably by year end, laying the groundwork for a stronger economic rebound in 2026.
Capital Markets
Despite base-rate volatility, improved buying conditions and stable debt costs are boosting investor confidence, driving more transactions and support for future valuations.Industrial
Industrial demand will remain subdued in 2025 as supply chains react to shifting trade policies, but long-term trends like e-commerce growth and increased manufacturing position the sector for resilience and growth.Multifamily
Demand remains strong, with net absorption expected to match pre-pandemic averages over the next three years, showing the sector's stability amid weaker economic cycles.Office
Although aggregate vacancy rates have not yet peaked, the office market is showing early signs of recovery, with sublease availability improving and flight-to-quality trends helping stabilize a growing portion of the market.Retail
Tariffs will have a net negative impact on tenant demand, but limited new construction and consumer resilience will mitigate disruptions to the fundamentals beyond the next several quarters.Alternatives
Demand is growing in alternative sectors like senior housing, data centers (especially in emerging markets) and built-to-rent, driven by structural demographic and economic shifts.Insights
Research • Workplace
Curating Workplace Experience That Matters
Explore how organisations are designing flexible, inclusive workplaces that inspire performance and connection. Backed by insights from our Experience Per Square Foot (XSF)TM research, this report offers practical strategies to elevate employee experience.
Mat Toniolo • 15/08/2025
Insights • Economy
Australian Childcare Real Estate Investment Market
Currently in the growth phase of its life cycle, the childcare sector continues to increase steadily off the back of increased Federal Government funding, download our report here.
Jake McKinnon • 07/08/2025
Research
Explore the dynamics of the European luxury retail real estate market.
Sally Bruer • 07/08/2025
Research • Investment / Capital Markets
Tide is Turning: Re-evaluating Apac Office Investments
The office sector is expansionary in Asia Pacific. A further 14 million new office jobs are forecast to be created over the next five years together with approximately 500msf of new supply.
Dominic Brown • 05/08/2025
Insights • Supply Chain
Trade Shifts: U.s. Occupier Demand and Uk Logistics & Industrial
The UK Logistics & Industrial (L&I) sector is no stranger to structural change or supply chain shocks. The announcement of ‘reciprocal’ U.S. tariffs on what President Trump called ‘Liberation Day’ is likely to change the landscape of global trade, creating both challenges and opportunities for the sector.
Edward Bavister • 04/08/2025
Research • Sustainability / ESG
Industrial Logistics Climate Risk Outlook
We are proud to unveil the world’s most comprehensive asset-level data set dedicated to physical climate risk in the logistics and industrial (L&I) sector.
04/08/2025
Research • Economy
Midpoint 2025 | U.S. Economic & CRE Outlook
As we reach the midpoint of 2025, the commercial real estate landscape continues to evolve in response to shifting economic forces, dynamic investor preferences and changing occupier demands.
Rebecca Rockey • 04/08/2025
Research • Economy
Where Do U.S. Property Values Go From Here?
In this two-part series, we take an in-depth look at how the shifting economic outlook and interest rate environment will impact the future trajectory of property values.
Kevin Thorpe • 24/05/2022
Research
Across the commercial real estate (CRE) investment landscape, ESG-focused funds have been growing in popularity across institution types.
29/03/2022