2026 Regional Real Estate Views

^{June, 2026}

KEY TAKEAWAYS

Our Investment Research team expands on the 2026 Global Real Estate Views publication – taking a deep dive into the real estate opportunities within Asia Pacific, Europe, Mexico and the United States. See how we are turning our global high-conviction investment themes into action across regions through equity and credit strategies.

CAPITALIZE ON UPSIDE POTENTIAL

2026 is expected to be a strong investment vintage in this cycle, via basic needs investing for everyday life or targeting market momentum.

TAKE A FOCUSED APPROACH

Be selective about where to deploy capital as gaps between winners and losers may widen.

Diversify TO MANAGE RISK

Diversifying by geography, sector, and capital type helps to build a resilient portfolio.

Asia Pacific
Europe
Mexico
United States

STEADY INCOME AND INCOME GROWTH TO ANCHOR FORWARD RETURNS

As the cycle becomes increasingly income-led, forward returns are expected to be driven primarily by income growth, while performance dispersion across cities and sectors continues to create targeted opportunities.

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Asia Pacific

EUROPE’S RECOVERY STORY REMAINS INTACT

Continued elevated geopolitical uncertainty has changed the economic outlook. However, total real estate returns continue to show resilience, driven by rising rents, while low entry values provide downside protection.

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Mexico Industiral Mexico industrial remains a compelling investment opportunity.

Rising preference for shorter and more resilient supply chains is a structural demand driver that will continue to benefit the market.

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A NEW CYCLE FOR U.S. REAL ESTATE

A new real estate cycle is underway, as values are just starting to rise again after a big correction. This new cycle will likely be one underpinned by productivity growth, with returns driven by resilient rental growth and supported by portfolio diversification.

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