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Commercial real estate is staging a comeback, though not one that lifts all segments equally. REITs have rallied about 35 percent from their 2023 lows, valuations across the four major indices appear to have bottomed, and transaction volumes have risen year-over-year for six straight quarters. Distress, a lagging indicator, continues to inch higher.

Avison Young has released its 2026 U.S. Outlook, revealing a significant uptick in optimism among the firm’s real estate professionals.

The premium hotel market in China’s Greater Bay Area (GBA) delivered a solid performance in the third quarter of the year. according to JLL.

REIT fundamentals are stabilizing and transaction markets are beginning to reset. In an interview with IREI, Iman Brivanlou, portfolio manager of the TCW Relative Value and Real Estate equity strategies, which invests exclusively through listed REITs and real estate-related companies, discusses the comparative advantages of public REITs over private real estate, the shifting dynamics driving institutional allocations, and why market conditions heading into 2026 may favor listed vehicles as price discovery returns to private markets. He also shares his 12-month outlook for the REIT sector, emphasizing improving inflation trends, healthier balance sheets, and a widening valuation gap that he believes could position public REITs for stronger performance.

The latest edition of BGO’s The Chief Economist reviews global economic conditions as 2025 concludes and outlines expectations for commercial real estate in 2026.

Europe has seen the strongest retail rent growth across the globe, according to CBRE.

San Francisco and New York are named the top Tech Cities in the world in 2025 in Savills’ biennial Tech Cities Index. London follows in third, risen from fourth in 2023.

JLL Thailand has released its latest analysis of Thailand’s real estate market, highlighting the sectoral shifts defining 2025 and the themes expected to guide investment and occupier decisions in 2026.

The United Kingdom is the leading European location for brown to green office refurbishments, as transaction activity recovers and outdated stock comes onto the market.

Federated Hermes’ 2026 private markets outlook highlights continued shifts across real estate debt and infrastructure as cyclical and structural forces reshape investment conditions.

In 2026, private markets are reshaping infrastructure development, business financing, and portfolio diversification, according to BlackRock’s outlook. Structural forces — including digitalization and AI, the shift toward a low-carbon economy, and demographic change —are expanding opportunities, particularly in private infrastructure.

Spain’s affordable housing sector presents significant opportunities for long-term investment and social impact, according to an Octopus Capital report.

Manufactured housing, which typically costs about half as much as a standard site-built home, continues to play a significant role in U.S. housing affordability, according to Storage Café.

Bidder competitiveness has continued to improve globally, suggesting growth in capital flows, across several asset classes, following a period of uncertainty.

The PNC Christmas Price Index (PNC CPI) has risen 4.5 percent compared to last year, outpacing the Bureau of Labor Statistics’ Consumer Price Index (BLS CPI) October year-over-year reading of 3.0 percent.

INREV has launched the first-ever European Living Fund Index, providing more detailed performance data in response to continuing investor appetite for the sector.

Political instability, pre-Budget uncertainty, the higher-for-longer interest rate environment and the negative impact of the Building Safety Act have damaged investor sentiment toward U.K. commercial real estate, according to Investec’s fourth Future Living report, which surveyed 50 global institutional investors active in the U.K. living sector representing more than £300 billion ($395 billion) of AUM.

According to S&P Global Market Intelligence data, US REITs significantly increased their at-the-market (ATM) program activities in third quarter 2025, raising $6.35 billion, a 30.9 percent increase from the previous quarter. However, this was a 12 percent decrease compared to third quarter 2024. Healthcare REITs led the sector, contributing more than two-thirds of the total proceeds. 

Single-tenant net lease (STNL) retail assets continue to attract investors seeking commercial real estate exposure with minimal management obligations, according to Marcus and Millichap.

The Urban Land Institute (ULI) has launched a new interactive tool to help identify, co-create and scale the solutions needed to decarbonize affordable housing.