The Americas real estate market is showing early signs of entering a new cycle in 2026, supported by stabilizing valuations, improving debt market liquidity and a sharp pullback in new development, according to the North America section of the Insights, Strategy and Analysis (ISA) Outlook 2026 report published LaSalle Investment Management.
While 2025 often felt like a repeat of the year before, the ISA Outlook notes several key dynamics are shifting. Economic performance across the United States and Canada proved steadier than sentiment suggested, interest rate cuts arrived late in the year, and both institutional investors and lenders are beginning to reengage after a prolonged slowdown. Combined with subdued construction pipelines and a clearer link between transacted prices and valuations, LaSalle’s research sees the foundations of a more supportive environment for real estate investment on the horizon.
While some elements of the current cycle m
