2026 Real Estate Outlooks

United States Europe Asia Pacific Mexico Private CRE Credit

The 2026 global real estate landscape continues to highlight how opportunities are country, capital, sector, style and submarket specific, with diverse investment themes across regions.

United States

Most in-place retails leases are at below-market rents and high occupancies limit tenants' relocation options, giving owners the ability to raise rents.

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7.6% Retail sector returns are forecasted to reach 7.6% In 2026, up from a 2021 low of -7.51%

EUROPE

Investor sentiment surveys point to an expected pick-up in transaction volume in 2026 across all sectors, but especially office and apartments.

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ASIA PACIFIC

Across Asia Pacific office markets, the flight to quality points to ongoing rental outperformance of CBD over non-CBD offices.

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MEXICO

Industrial leasing has been strong across Mexico, with vacancies below historic averages across most of the country, including large markets like Mexico City and Monterrey.

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PRIVATE CRE CREDIT

Rising multifamily origination share and upcoming loan maturities underscore strong demand for multifamily and near-term transitional financing for bridge-to-agency lending in the United States.

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