Research Reports

Find the latest industry reports including reports that have been authored by IREI or by many well-known industry firms.

Report from 2026

2026

May

Q1_2026 – Light Industrial Market Update

The U.S. light industrial sector entered 2026 with renewed momentum, supported by resilient small-bay fundamentals, improving capital markets activity, and durable long-term demand drivers. While broader commercial real estate sectors continue to navigate elevated interest rates and economic uncertainty, multi-tenant light industrial has remained one of the most fundamentally sound and operationally resilient asset classes in the market. In particular, multi-tenant light industrial properties continue to outperform larger warehouse product across nearly every key metric—from availability and rental growth to leasing demand and investor interest.

February

2026 United States Real Estate Outlook

Going into 2025, there was high optimism from real estate market participants as the United States capital markets ecosystem began to emerge from the disruption resulting from inflation and rising interest rates throughout 2022 and 2023. This optimism was largely halted as the Liberation Day trade policy announcements in April 2025 introduced significant short-term uncertainty around capital markets and company margin compression. This caused significant fears and a scramble for real estate investors as they looked to investigate how tenant health, building materials and interest rates could be impacted as a result.

January

Q4_2025 – Light Industrial Market Update

The industrial real estate market continues to recalibrate following the volatility of the past few years, but one segment has remained notably resilient: small-bay industrial. As broader industrial fundamentals normalize, demand, pricing power, and liquidity within the small-bay sector continue to outperform larger size segments, supported by structural demand drivers, constrained supply, and deepening capital market interest.

2026 Real Estate Market Outlook

Real estate liquidity is improving as interest rates have reset, and transaction activity has begun to rebound. Less new construction across most property sectors is expected to support occupancy and rent growth. Select sectors, including retail, multifamily, industrial, and manufactured housing, offer attractive relative value. In a bifurcated market, disciplined market and asset selection can create opportunities for excess performance.

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