The industry's own research.
1,851 reports
showing 1,441–1,500 of 1,851

In the first quarter of 2026, approximately €420 million was invested in Berlin's commercial real estate market, representing a 57% decline compared to Q1 2025, with Berlin ranking second among the top seven German cities. Net prime yields increased across asset classes during the twelve-month period, rising to 4.35% for offices, 3.95% for high street retail, and 4.50% for logistics properties, while investor interest remained strong despite challenging economic conditions and delayed transaction timelines due to financing adjustments.

Knight Frank's 2025 Scotland Report provides a cross-sector review of the Scottish commercial real estate market covering offices, manufacturing, and retail, finding that while leasing activity shows resilience particularly in major centers with concentrated demand for high-quality assets, legacy stock faces obsolescence risk and secondary properties struggle to attract investment unless significantly repriced. The report details that Edinburgh office take-up grew 62% in 2024 underpinned by a major HBOS lease of 282,000 square feet, Glasgow take-up rose 37%, and prime rents have increased notably with Edinburgh experiencing 30% growth since March 2020, though new development pipelines remain constrained with only 38,361 square feet of new space available in Edinburgh.

The Knight Frank Q4 2025 report analyzes investment, development, and occupational markets for South East and Greater London offices, documenting leasing volumes of 3.4 million square feet in 2025 (up 8% from 2024), with 356 deals completed at the highest annual total on record, and Grade A space accounting for 79% of take-up. Investment volumes reached £1.3 billion in 2025 (25% lower than 2024), with 112 deals completed and prime yields remaining at 7.00%, while the development pipeline remained limited at 1.9 million square feet under construction, with Cambridge and West London accounting for 61% of speculative space.
(7).jpg)
In 2025, Munich's commercial real estate investment market generated approximately 2.4 billion euros in transaction volume, representing a 12 percent decline from 2024 and 53 percent below the ten-year average, with retail properties leading by volume at 930 million euros followed by office properties at 580 million euros. Prime yields for offices stood at 4.0 percent at end-December 2025 (down 10 basis points from the prior quarter), while retail properties maintained a 3.9 percent prime yield, with transactions concentrated within the Altstadt Ring and increasingly dominated by private capital, particularly in insolvency sales where banks have begun accepting more realistic valuations.

The BNP Paribas Real Estate Q4 2025 Investment Market Berlin report covers Berlin's real estate transaction volume of €3.25 billion, down 8.5% from the previous year but slightly exceeding the three-year average. The report notes that Berlin maintained its position as the leading A-location in Germany, with the largest transaction being the Upper West sale for over €400 million, and reports prime yields of 4.25% for offices, 3.85% for premium retail, and 4.50% for logistics properties.

Frankfurt's commercial real estate investment market recorded €770 million in transaction volume during 2025, a 52.6% decline from 2024, with no deals exceeding €100 million and a weakened office segment representing only 40% of investments compared to its long-term average of two-thirds. The document notes that a substantial pipeline of large-volume properties including Opernturm, Westend Duo, Trianon, and the Wave are in advanced negotiation stages, and forecasts a significant recovery in 2026 driven by strong office leasing fundamentals with 611,000 square meters of space concluded.
JLL's analysis examines Transit-Oriented Development (TOD) potential in Vietnam's major urban centres of Ho Chi Minh City and Hanoi, identifying fundamental elements including higher density cores, growing public transportation networks, and land availability along transit corridors. The document reports that properties in TOD catchment areas along HCMC's Metro Line No. 1 achieved 34% price growth over five years and emphasizes that successful TOD requires integrated coordination among government, developers, operators, and communities, with strategic focus on experiential connectivity rather than physical proximity to stations.

Build to Rent has long been positioned as a key part of Australia’s housing solution – but in the ACT, the sector has yet to reach its full potential. Despite strong fundamentals and growing demand for professionally managed, long-term rental housing, the policy and regulatory environment continues to present real…

Build to Rent and Build to Sell Apartments Charter Keck Cramer’s Residential Market Update & Outlook returns in 2026 and we’re heading to Brisbane for the very first time! Presented by National Executive Director of Research, Richard Temlett, the Brisbane session will bring together the most current apartment…

This is the official release of Charter Keck Cramer’s National State of the Market – Residential Build to Sell (BTS) and Build to Rent (BTR) Apartments, H2 2025 report for key metropolitan areas. Report Overview Our Research team has consolidated our market-leading insights into a National State of the Market…

The Greater Montreal Investment Review reports that the Greater Montreal Area saw a 35% year-over-year increase in investment volume in 2025, reaching $10.1 billion in transaction volume for the first half of the year, with multi-residential assets jumping 105%, industrial assets declining 31%, shopping center sales rising 48%, and office transaction volume increasing 22%. Canadian private investors accounted for 57% of all transactional volume in 2025.

St. Louis investment sales volume reached 2.4 billion dollars in the past four quarters, up 6.1 percent year-over-year, with industrial and multifamily assets accounting for 67.1 percent of activity. Capitalization rates increased 39 basis points to 7.6 percent, while multifamily rental rates hit a record high of 1,363 dollars per unit, though industrial vacancy surged 150 basis points to 6.0 percent.

Investment activity in the Kansas City market reached $4.2 billion in total sales volume over the past year, representing a 20.6% increase compared to the prior five-year average, with multifamily and retail assets accounting for 66.1% of activity and the metro area ranking fourth among the 13 largest Midwest markets. Capitalization rates compressed by 98 basis points year-over-year to 6.1% in first quarter 2026, rental rates reached record highs in industrial ($6.23 per square foot) and multifamily ($1,430 per unit) sectors, and vacancy rates declined year-over-year in office, multifamily, and industrial property types.

Salt Lake City's commercial real estate investment market recorded $1.60 billion in transaction volume year-to-date through mid-2025, representing a 28% increase from mid-year 2024, with multifamily and industrial sectors leading activity. Capitalization rates increased across three of four asset classes, with multifamily at 5.4%, industrial at 6.0%, retail at 7.0%, and office holding flat at 9.75%, while the regional economy expanded with employment at 844,100 jobs and gross metro product projected to grow from $120.6 billion in 2025 to $128.2 billion in 2027.

This is a 2026 market outlook report published by CBRE covering the U.S. real estate market with a focus on Charlotte, North Carolina, addressing capital markets dynamics.
Melbourne's CBD office vacancy stood at 19.7% as of Q1 2026, but JLL analysis distinguishes between frictional, entrenched, and structural vacancy, identifying approximately 4.0% of secondary stock as structurally vacant and 6.0% of prime stock as entrenched vacant, suggesting only 9.7% of the headline figure represents genuinely competitive space. The research attributes elevated vacancy primarily to supply-driven factors, with 675,000 square meters of new office space completed between Q1 2020 and Q1 2026 (12.5% of total stock), and identifies building obsolescence as a key driver, with older assets from the 1980s or earlier representing 58.4% of secondary stock and containing 120,500 square meters of structural vacancy concentrated in the Western Core precinct.

This is a market report published by Newmark in September 2025 covering capital markets conditions and trends in the U.S. multifamily sector.

This is a capital markets report published by Newmark in March 2025 covering the multifamily sector across the United States. The report presents market data and analysis for the first quarter of 2025.

When you’re umming and ahhing over a commercial property, two numbers tell very different stories: the passing rent and market rent. They’re just one adjective apart, but they measure entirely different things. And understanding the gap between them is one of the simplest ways to spot opportunity in commercial real…

Every couple of decades, something comes along that turns investors’ heads. In Australia right now that thing is data. And more precisely data centres. On the east coast, especially in New South Wales, commercial construction has suddenly got a jolt and its all thanks to the very new, very modern, asset class.…

Teodora Paligorova , and Toshihide Yorozu Outstanding mortgage debt in the commercial real estate (CRE) sector totaled $6 trillion at the end of 2024 including owner-occupied and nonowner-occupied real estate, multifamily mortgages, and loans backed by acquisition, development, and construction projects. Banks hold…

Karen Pence , Ben Ranish , and Michael Suher Mortgage servicing right (MSR) valuations decrease when mortgage default and prepayment rates increase, as is generally the case when the economy enters into recession. To estimate how large these MSR valuation declines could be for the banking sector in a severe…

Anna Tranfaglia and Erin Troland Historic swings in rents during the pandemic have driven increased interest in research on the financial impacts of rising rents on households. However, compared to homeowners with a mortgage, data on renters are scarce, limiting researchers’ ability to analyze the 28 percent of…

Efforts to sell, consolidate, and better use government real estate face persistent challenges—from flawed data to outdated sales processes.

Rising costs, insurer exits, and climate-risk modeling are reshaping some property values, lending decisions, and resilience investment in the state’s real estate markets.

As the market moves beyond emergency loan extensions, owners and lenders confront a harder question: Which assets are actually recoverable?

From federal office buildings to surplus municipal land, underused public assets are attracting developers seeking sites for mixed-use projects, housing, and economic development.

With billions of dollars in projects facing delays or cancellations, experts assess the broader implications for real estate and economic development.

Industry leaders at the 2026 ULI Resilience Summit said physical climate threats increasingly shape commercial real estate valuation, investment strategy, and long-term asset strength.

Kim Avant-Babb shares lessons from community-centered real estate development, racial equity, redevelopment training, and neighborhood revitalization.

The pharmacy real estate sector continues evolving as operators adjust store footprints, expand healthcare services, and respond to margin pressure and changing consumer behavior.B+E’s Mid-Year 2026 Pharmacy Inventory Report analyzes:Walgreens and CVS cap ratesPharmacy inventory levelsLease term trendsGeographic…

The quick lube and auto service sector continues evolving as operators expand footprints, bonus depreciation incentives influence transaction activity, and investors seek long-term net lease assets with strong tenant demand.B+E’s Mid-Year 2026 Quick Lube & Auto Service Report analyzes:Auto service cap rates and…

B+E Q1 2026 Net Lease Cap Rate Report Net lease cap rates continued adjusting through Q1 2026 as investors responded to interest rate uncertainty, changing supply levels, and shifting tenant performance across retail and industrial sectors. Inventory remained relatively stable while average time on market…

The NNN car wash market continued to show stability in April 2026 despite a decline in available inventory. B+E’s latest NNN Car Wash Listed Inventory Report highlights shifts in supply, pricing, cap rates, and tenant activity across the sector, providing investors with a clearer picture of current market…

Walgreens at 7.81% | CVS at 6.79% The pharmacy net lease sector ended 2025 with a familiar structure — and one meaningful shift.Walgreens average cap rate: 7.81%CVS average cap rate: 6.79%CVS has historically traded at a premium to Walgreens. That relationship continued in 2025.What changed was the expansion of…
Bangkok's property market faces emerging distress in completed, occupied buildings showing persistent vacancy and deferred maintenance, concentrated in 1990s office stock, early-2000s retail formats, and aging condominiums. The market differs from the 1997 Asian Financial Crisis in that buildings are finished and titled, but Thailand's outdated legislative framework lacks mechanisms for repurposing or collective redevelopment, unlike Singapore, Hong Kong, Japan, and South Korea, which enable streamlined asset repositioning through supermajority sales or regulatory flexibility.
A JLL research article examines education-driven structural demand for Hong Kong residential property from mainland Chinese families, distinguishing this sustained factor from cyclical investment demand and attributing it to Hong Kong's more accessible university system compared to mainland China's highly competitive Gaokao examination. The article projects that purpose-built student accommodation demand will create a supply gap widening from 76,000 beds in 2025/26 to 147,000 beds by 2029/30, and notes that Top Talent Pass Scheme households purchasing property increased from 5% at admission to 13% at renewal, representing an estimated 2,000–3,000 unit purchases annually.

Singapore shophouses combine heritage preservation with operational flexibility, functioning as urban infrastructure that enables street-level activation through their physical design of narrow frontages, shallow depths, and covered walkways that sustain pedestrian engagement in districts like Joo Chiat Road and Duxton Hill. Since the 2022 peak, the shophouse market has shifted to reward selectivity over momentum, with capital flowing to assets where location strength and tenant composition align, while examples such as 21 Carpenter, The Working Capitol, and Temasek Shophouse demonstrate how conserved shophouses adapt to modern uses including hospitality, coworking, and social-impact programming, offering investors diversification and reduced single-user exposure.
JLL analyzed 20 years of risk-return data across Auckland and Christchurch commercial property sectors, finding that prime industrial assets and large-format retail in Auckland occupy core or core-plus quadrants while secondary office and traditional retail face value-add challenges. The analysis concludes that geography matters as much as sector selection, with the same asset class exhibiting different risk profiles between cities—for example, Christchurch's industrial market shows lower volatility across all grades compared to Auckland, while retail performance diverges significantly between the two markets.
While LEED has dominated US green building certification for over two decades, alternative certifications are rapidly gaining adoption for specific ESG priorities: Fitwel for health and wellness at lower cost, ILFI Zero Carbon for verified net-zero operations, RELi for climate resilience, and BREEAM or ARC for portfolio-level tracking. Market leaders now employ multiple certifications simultaneously rather than relying on LEED alone, reflecting a shift from static design-based ratings toward dynamic operational certifications that deliver measurable ESG results.

South Korea's co-living market has grown substantially since 2023 due to shifting housing preferences among younger demographics and high price-to-income ratios, attracting major foreign investors including GIC, KKR, Morgan Stanley, CPPIB, Hines, Invesco, M&G Real Estate, and TPG Angelo Gordon, with notable deals including ICG's approximately KRW 300 billion co-living fund partnership with Homes Company. Recent regulatory measures introduced in late 2025 restricting tax exemptions and loan-to-value limits to 0% in regulated areas have created policy uncertainty and wait-and-see sentiment among foreign investors, though sector fundamentals are expected to remain strong due to growing long-term overseas visitors and demographic shifts toward single-person households.
Malaysia's residential market shifted toward premium assets in 2025, with transaction value reaching MYR 108 billion despite moderated volumes, particularly pronounced in Kuala Lumpur's prime properties segment. JLL's analysis segments Kuala Lumpur's submarkets by investment profile—KLCC and Bukit Bintang for growth, Bangsar for stable rental yields, and Damansara Heights and Mont Kiara for defensive or balanced positioning—while noting that unsold inventory declined over 66% from its 2021 peak, signaling market entry into a more sustainable equilibrium.
Bangkok's parking costs typically represent 15–25% of total construction costs in developments, and the city's mandatory parking ratios exceed those of Singapore fivefold and Seoul nearly threefold for comparable commercial projects, despite empirical evidence that 90% of condominiums in the Bangkok Metropolitan Region already exceed legal minimums. Bangkok's 2027 comprehensive plan will allow developers to reduce parking requirements by up to 25% for projects near designated rail stations and prioritizes transit-oriented development, but market demand—evidenced by luxury condominiums providing 110% of required parking—may hinder adoption as consumers remain deeply attached to abundant parking provision.

CRED iQ's overall CMBS distress rate rose to 11.86% in May 2026, up from 11.08% in April, driven by increases in both special servicing and delinquency rates. Office properties showed the highest distress at 17.11%, followed by mixed-use at 16.12%, while self-storage, industrial, and manufactured housing remained resilient with distress rates near or below 1.2%. The overall distress rate has more than doubled since mid-2022 when it was near 5%, indicating that resolution activity has not kept pace with new transfers into distress.

CRED iQ analyzed $26.1 billion in newly securitized CMBS loans from 2026 and found that balance-weighted average cap rates now align almost exactly with average mortgage coupons, creating zero positive leverage for typical borrowers, with the split driven primarily by property type: favored sectors (multifamily, industrial, self-storage, mixed-use, manufactured housing) finance at negative leverage ranging from −19 to −86 basis points, while distressed sectors (hospitality at +124 bps, office at +95 bps, retail at +20 bps) maintain positive leverage. Cap rates range from 5.41% (manufactured housing) to 8.02% (hospitality), with office and hotel underwriting marked as extremely conservative at 13.8% weighted debt yields and 55.4% LTV, while 56% of new-issue balance is structured as full-term interest-only to offset thin leverage spreads.

Walker & Dunlop led Fannie Mae multifamily lending in 2026 year-to-date through May 13 with $2.18 billion across 110 loans, followed by CBRE Multifamily Capital at $1.88 billion and PGIM Real Estate Agency Financing at $1.56 billion, with the top ten lenders controlling approximately 78% of the $16.5 billion in total Fannie Mae multifamily volume. Refinancing drove 62.8% of originations as borrowers addressed maturing debt, while gateway markets including New York–Newark–Jersey City ($1.6 billion), San Jose–Sunnyvale–Santa Clara ($0.75 billion), and Los Angeles–Long Beach–Anaheim ($0.72 billion) attracted the most capital.

CRED iQ's loan-level analysis of approximately 3,700 CMBS loans totaling $94.7 billion finds that debt yields have rebounded to a weighted-average of 10.3% across property types, with office leading at 15.75% and multifamily lowest at 8.87%. The analysis reveals that four of six property types (multifamily, retail, industrial, and self-storage) exhibit negative leverage, meaning cap rates fall below loan coupons, indicating that new acquisitions cannot generate day-one positive returns without future NOI growth or refinancing relief.

Commercial real estate rent data is only as useful as the methodology behind it. That’s why CompStak partnered with Columbia […] The post Columbia CompStak (CCRI) Rent Index National Update: May 29, 2026 appeared first on CompStak .

At CompStak, we take pride in seeing our data drive valuable insights across industries, especially in academic research. “Expectations and […] The post Expectations and Risk Premiums in Illiquid Real Assets: How CompStak Data Shapes CRE Market Insights – Research by Jiro Yoshida and Masashi Takahashi appeared…

Build to Rent has long been positioned as a key part of Australia’s housing solution – but in the ACT, the sector has yet to reach its full potential. Despite strong fundamentals and growing demand for professionally managed, long-term rental housing, the policy and regulatory environment continues to present real…

23 April 2026 There is real merit in making changes to the Capital Gains Tax (CGT) discount and Negative Gearing in Australia. Given we have a national housing crisis, this debate needs to include the State and Territory Governments, and it is essential to also bring Stamp Duty, Land Tax and the various Foreign…

This is the official release of Charter Keck Cramer’s National State of the Market – Residential Build to Sell (BTS) and Build to Rent (BTR) Apartments, H2 2025 report for key metropolitan areas. Report Overview Our Research team has consolidated our market-leading insights into a National State of the Market…

Recent CRE capital flows have declined significantly due to heightened interest rates, market uncertainty fueled by trade tariffs, and US governance challenges. What does this mean for the dynamics of capital flows into the US? The post Clarifying Vision: Exploring the Dynamics of Slowing Capital Flows appeared…

There has been a longstanding perception that an investment in affordable housing could not generate alpha, but new economic forces are turning a social challenge into a compelling institutional opportunity. The post Beyond Motivation: Why Invest in US Affordable Housing? And Why Now? appeared first on AFIRE .

Amid an extended period of uncertainty, mission-critical triple-net lease (NNN) investing has emerged as a compelling strategy, offering predictable income, contractual rent escalations, and insulation from expense inflation. The post Inflation Fighters: The Case for Mission-Critical NNN appeared first on AFIRE .

There’s a quiet revolution underway in on-site solar and batteries. What is it and why should commercial real estate investors should pay attention? The post Solar Wave: Community Solar is set to Transform Lease Income appeared first on AFIRE .

What began as a municipal policy tool for energy upgrades has matured into an institutional credit product embedded directly in the capital stack. The post How C-PACE (and Stretch PACE) are Rewiring Global Real Estate Finance for the Energy Transition appeared first on AFIRE .

Berkshire Residential Investments weighs the pros and cons of private apartment equity and private debt and asks - why not both? The post Private Apartment Equity or Private Debt: Comparing Investment Performance of the Two Quadrants appeared first on AFIRE .

Put and Call options on REITs provide forward-looking risk indicators that incorporate both historical property sector trends and views on the outlook. The post REIT Puts and Calls: Public Market Signals for Private Real Estate Investors appeared first on AFIRE .

Scott Crowe of RXR talks about the "less obvious bull market" currently unfolding in one of the most overlooked sectors: New York City office. The post NYC Office Recovery: Repricing Physical Infrastructure in the Age of AI appeared first on AFIRE .