MetLife – U.S. Commercial Real Estate Chartbook, Jun 2025

The main theme of the report is the state and prospects of commercial real estate in the United States.

Key findings include the expectation of continued market volatility due to tariffs and political factors. Property value growth is forecasted across various segments: 4% in retail, 2% in apartments and industrial, and 0.5% in offices. Challenges with housing affordability and rising construction costs may impact commercial real estate. Recommendations include investments in net lease retail, senior housing, medical offices, and select residential segments. Warnings concern new developments, value-add strategies, student housing, full-service hotels, and grocery-anchored retail.