Progress is occurring, but cautiously. The strong fundamentals and enduring structural demand are creating attractive opportunities across sectors. The market today feels healthier — measured, but functional. Bid-ask spreads are narrowing, capital is returning, and managers with operational expertise are well positioned to drive the next phase of the recovery. The market is becoming more selective: quality — in both assets and execution — is being rewarded.
To learn more about investors’ outlook from the end of this year into the start of next year, read “Year end” by Andrea Zander is editor editor of Institutional Real Estate Americas, in the DECEMBER 2025 issue of Institutional Real Estate Americas.
