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JLL’s 2026 Outlook: Six forces reshaping global commercial real estate
Research - DECEMBER 10, 2025

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JLL’s 2026 Outlook: Six forces reshaping global commercial real estate

by Andrea Zander

JLL has released its Global Real Estate Outlook 2026, offering a forward-looking analysis of the commercial real estate landscape as the industry moves beyond a turbulent economic period. With inflation moderating, trade pressures easing, and interest rates trending lower, the environment for commercial real estate is stabilizing heading into the new year.

The report anticipates a stronger second half of 2025 setting the stage for renewed momentum in 2026, driven by six key trends:

 

Efficiency becomes the top priority amid a high-cost environment.With labor, construction and financing costs still elevated, 72 percent of corporate real estate leaders have identified costs and budget efficiency as their top priority as we head into the new year. Supply shortages intensify for top-quality space.Development pipelines are shrinking across sectors. Industrial deliveries remain well below 2023
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