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Investors are gradually becoming more sector agnostic and are more focused on the quality of assets to deliver solid income returns in their investment underwrites, according to Savills.

After several years of repricing, European real estate is no longer defined by historical benchmarks or headline cap rates, but by whether assets can sustain their capital structures and generate durable cash flow in a higher-rate, lower-growth environment. Price dispersion across sectors and markets is at or near record levels, creating a landscape where broad averages offer little insight and outcomes are increasingly determined at the asset level. In an IREI interview, Paul Brennan, a partner and co-head of Real Estate at King Street Capital Management, explains why today’s opportunity set lies in situations where high-quality assets face refinancing pressure despite resilient fundamentals, and how a focus on all-in basis, downside coverage, and structural seniority is shaping a more defensive, income-oriented approach to capturing asymmetric, risk-adjusted returns across European hospitality, student housing, and other supply-constrained sectors.

U.S. office vacancy projections remain virtually unchanged in a revised forecast from CoStar.

ULI Europe has published a new Asset Sustainability Committees Best Practice Guide through its C Change program to support collaboration between owners, occupiers and property managers in decarbonizing multi-let commercial buildings.

Logistics rents across Asia Pacific rose 0.2 percent in 2025, with the second half of the year posting a 0.3 percent increase, according to Knight Frank’s Asia Pacific H2 2025 Logistics Highlight. 

The post-retail environment has reshaped the opportunity set for health care real estate. As retail vacancy has increased, health care providers have gained access to well-located spaces with strong parking, visibility and ease of access — qualities that are increasingly central to patient care and operations. A pricing gap between medical office and net-lease retail has created a compelling investment opportunity in health care real estate. Daniel Eisenstadt, founder and CEO of Terramed Real Estate Solutions, in an interview with IREI, says the trend toward better-equipped, conveniently located, single-tenant health care facilities will grow, reflecting how people live today and their demand for accessibility and expanded hours. At the same time, persistent shortages of doctors, veterinarians, nurses and technicians are shaping real estate decisions, as clinicians increasingly seek environments that allow them to deliver care at the highest level. Older, retrofitted office buildings are often less attractive to in-demand health care workers, accelerating the shift toward modern, purpose-built, or well-converted spaces. Together, evolving patient expectations and workforce constraints are pushing the market toward high-quality, thoughtfully designed health care facilities.

Real estate private markets have never been more sophisticated, more global or more central to institutional portfolios than they are today. Yet for all their growth and maturity, the private markets still struggles with something remarkably basic: clarity. In an environment where billions of dollars hinge on performance reporting, valuation practices, and investor communication, the absence of shared standards creates friction, confusion, and unnecessary cost.

Fannie Mae has provided approximately $74 billion in financing to support the U.S. multifamily housing market in 2025, a year-over-year increase of 34 percent compared with $55 billion in 2024 and the company's largest annual multifamily volume since 2020.

The global investment environment is transitioning away from the broad, liquidity-driven recovery of recent years toward a more selective and differentiated landscape, according to Raffles Family Office in its Investment Outlook 2026. In this environment, firm’s strategy continues to be anchored around a 4D approach — diversified, defensive, durable, and dynamic to navigate uncertainty while capturing long-term opportunities.

The cost to occupiers of taking space in the best prime office buildings rose 5.1 percent over 2025, according to Savills latest Prime Office Costs report, with London’s West End, Hong Kong and New York City’s Midtown continuing to hold their positions as the locations at the top of the table.

Institutional investors worldwide are recalibrating their investment approaches as three powerful megatrends — artificial intelligence, energy transition and deglobalization — reshape the global economic landscape, according to preview results from Nuveen’s sixth annual EQuilibrium Global Institutional Investor Survey.

Asia Pacific commercial real estate (CRE) investment volumes totaled $40.3 billion in fourth quarter 2025, marking a 15 percent year-over-year increase, according to new data from JLL. Full-year investment volumes in 2025 reached $147.6 billion, climbing 12 percent since 2024 – the strongest year since 2021 – capping  a year of steady recovery against a turbulent macroeconomic and geopolitical backdrop.

Living has retained its position as the most attractive sector for European real estate investment, according to CBRE’s European Investor Intentions Survey 2026, as investor confidence continues to strengthen and expectations for deal activity rise.

European house prices will increase by more than 4 percent in 2026, according to S&P Global Ratings. It has made modest forecast revisions since July 2025 that reflect labor-market and supply dynamics.

U.S. retail fundamentals ended fourth quarter 2025 on a firmer footing, with availability holding at 5.3 percent — well below the long-term average— and another quarter of positive net absorption totaling 7.4 million square feet, signaling that the wave of mass closures earlier in 2025 has largely been absorbed, according to Newmark.

Following accelerating artificial intelligence (AI)-driven demand and intensifying power constraints, JLL recently published its 2026 Global Data Center Outlook, outlining $3 trillion in total investment over the next five years, including $1.2 trillion in real estate asset-value creation and approximately $870 billion in new debt financing, marking an infrastructure investment supercycle. Building on those findings, Institutional Real Estate, Inc. spoke with three senior JLL leaders – Matt Landek, global division president for data centers and critical environments; Andrew Batson, global head of data center research; and Carl Beardsley, senior managing director and data center leader within JLL Capital Markets – to  explore how power availability, emerging technologies, capital-markets evolution, and shifting development priorities are reshaping risk and opportunity across the data center landscape.

Economist Peter Linneman delivered a pragmatic assessment of the economy during a recent Walker Webcast at Institutional Real Estate, Inc. (IREI)’s VIP Americas event in a market grappling with high interest rates, uneven fundamentals, and economic crosscurrents. In a conversation with Willy Walker, Walker & Dunlop CEO, Linneman offered a sharp, data-driven view of macroeconomic conditions and their implications for commercial real estate investors.

Investors in Asia Pacific are preparing to deploy more capital into the commercial real estate market in 2026, supported by improving occupier fundamentals, reduced supply pipelines and gradually easing financing conditions, according to CBRE’s 2026 Asia Pacific Investor Intentions Survey.

Continued resilience in new construction starts has prompted Yardi Matrix to increase its forecast for U.S. multifamily completions in 2026, 2027 and 2028.

The NCREIF PREA Reporting Standards has published Increasing Transparency in Performance Metrics for Private Closed-End Funds, offering long-awaited industry guidance aimed at enhancing clarity, consistency and comparability in performance reporting for private closed-end real estate funds.