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
APAC Data Centre Update: H1 2025
The operational capacity of Asia Pacific’s* data centre markets has moved closer towards the 12GW mark during H1 2024, having added about 1.3GW of new supply, recording the largest addition of scale in recent times. An equivalent quantum of absorption scale has also been observed during this period, indicating parity between demand and supply dynamics in the region, which is a very healthy indicator of continued growth. Development pipeline quantum is at 4.2GW of under construction activity throughout the region and 12.0GW in planning stages, which is an increase of 2.8GW since end of H2 2023.
Rebecca Jung • 26/08/2025
Research
What Occupiers Want: Global Survey Results 2025
In partnership with CoreNet Global, Cushman & Wakefield presents the
2025 edition of What Occupiers Want—our biennial global survey that
captures key priorities and perspectives into the shifting dynamics of
decision-making, investment, workplace trends and portfolio strategies of
occupiers worldwide.
Despina Katsikakis • 20/06/2025
Research • Technology
Asia Pacific Data Centre Investment Landscape
Discover the Asia Pacific data centre investment landscape. This report covers 14 markets, exploring key fundamentals like population, CapEx, and yield-on-cost.
Pritesh Swamy • 11/06/2025
Research • Investment / Capital Markets
Re-Evaluating U.S. Office Investments: Is the Sector Stabilizing?
Higher cap rates on office acquisitions and the stabilization in office space availability are luring investment back and causing lending on office properties to rapidly increase.
Adrian Ponsen • 05/06/2025

Research • Economy
APAC Capital Markets Midyear Outlook
Recent rapid interest rate hikes have tempered economic expansion, yet growth remains resilient throughout the region.
Dominic Brown • 08/08/2024

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