This report provides an outlook on the U.
S. commercial real estate market for 2026. It analyzes economic conditions, capital markets, and various real estate sectors including office, industrial, retail, multifamily, data centers, healthcare, and life sciences. Key findings include a forecasted GDP growth slowdown to 2.0%, a 16% increase in commercial real estate investment activity, income-driven total returns, and sector-specific leasing trends with recovery expected across most markets.