Geopolitical uncertainty and higher borrowing costs are reshaping investor behavior in the European commercial real estate market, according to Cushman & Wakefield.
The firm’s latest Investment Atlas report highlights a market transitioning into a more mature phase of recovery, where opportunities remain significant but increasingly require precision, discipline and careful asset selection.
Cushman & Wakefield’s proprietary cyclical positioning indicator, the TIME Score for European all-property assets, edged down marginally to 3 in first quarter 2026, from 3.1 in third quarter 2025, reflecting tighter financing conditions. The market, however, remains firmly in the stabilization stage of the cycle.
At the same time, its Fair Value Index, which measures the relative attractiveness of pricing in prime office, retail and logistics markets across Europe, shows
