Market reports and insights
Gain real estate insights that drive real impact. Our comprehensive market reports leverage the breadth of our service expertise and the deep knowledge of our people to provide you with the data-driven perspective you need to make informed decisions across your portfolio. Whether you're seeking to understand the latest office trends, identify emerging industrial opportunities, or assess the evolving capital markets, our sector-specific reports deliver the actionable intelligence that can help your business thrive. Explore our latest insights and unlock the potential of your real estate strategy.
U.S. data center Q1 2025 market insights
The U.S. data center market entered 2025 with strong momentum despite a cyclical pause in national absorption. Record-low vacancy rates persist amid continued demand from AI and cloud users, even as supply struggles to keep pace. At the same time, power constraints continue to shape development strategies, with growing attention on self-generation, grid interconnection, and emerging technologies.
U.S. industrial market Q1 2025 insights
Mixed signals from key industrial market indicators, coupled with fast moving federal policy directives are keeping both industrial occupiers and investors up at night. Industrial leasing is nearly back on track with the pre-COVID 10-year average indicating that tenants started off the year making space commitments to drive their business. While looking at port volumes, we saw the signs of front loading of imports as major U.S. gateways saw massive volumes in February. However, looking at canceled container bookings indicates that there may be a slowdown on the waterfront as shippers digest the various trade agreements.
U.S. investment sales market Q1 2025 insights
The U.S. investment sales market showed resilience in Q1 2025, with 5,029 transactions totaling $73.2 billion. This represents declines of 8.6% in transaction count and 3.0% in dollar volume compared to Q1 2024. Despite a typically slow start to the year, the market shows potential for growth, though uncertainty around tariffs may impact activity later in 2025.
U.S. multifamily market Q1 2025 insights
Multifamily demand continued its strong performance through Q1 2025, as absorption for major U.S. markets is on pace to match 2024’s record breaking totals. Construction activity is expected to drop significantly by 2026, with two-thirds of assets in development set to deliver by the end of the year. Rental rate growth has risen by just 1.7% since 2023; however, increased demand coupled with a slowdown in construction activity are expected to place upward pressure on occupancy and rental rates.
U.S. office market Q1 2025 insights
The overall availability rate for U.S. office space stood at 23.3% at the close of the first quarter, marking the third consecutive quarterly decline in availability—a trend not seen since before the pandemic in Q4 2018. Through Q1 2025, U.S. office leasing activity totaled 66.4 million square feet (msf), sitting 17.4% below the pre-COVID annual average of 80.4 million square feet (msf) (2000–2019) and 18.4% below Q1 2024. However, certain markets like San Francisco and Manhattan are up significantly from a year ago. Lending activity picked up, with the first quarter alone seeing approximately $15.7 billion in office loan originations.
U.S. Capital Markets Q3 2024 insights
In the third quarter of 2024, commercial real estate debt origination saw a significant increase compared to the first half of the year, bringing the total volume to much higher levels, though still below long-term trends. Investment sales have remained subdued across sectors, but there are signs of growing interest from certain private investors, suggesting some market stabilization. A number of opportunistic funds, are preparing to take advantage of potential market improvements, with expectations of strong returns as conditions shift.
H1 2024 U.S. life sciences market overview
The lab/R&D market showed signs of revitalization during the first half of 2024 despite record-high availability and stagnant occupier demand. Most notably, funding into the life sciences sector received a large boost from venture capital investment, public markets, and the U.S. government which is expected to increase leasing activity in the second half of the year and in 2025. Moreover, construction starts for lab buildings came to a near halt, allowing the market time to absorb the newer product, which accounts for most of the lab/R&D availability.
