Gain valuable commercial property insights with thought capital
Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.
Sightlines
Around-the-corner knowledge and multi-national expert insights and data-driven intelligence to help you unlock economic, social, and environmental value in your commercial real estate decisions.
2021 ESG report: Putting people and the planet first
There is a vital role for our sector to create healthy, productive workplaces for employees, cities that are centres of prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
In the 2021 ESG Report, we reflect on our achievements, and share our strategy and commitments for the future.
U.S. employment overview: tracking trends in real-time
After over half a year of strong economic growth, August data indicates a gradual loosening of the labor market.
August 2022 jobs numbers were generally in line with predictions, with the economy adding 315,000 jobs compared to the 300,000 projected by economists. While this is still a substantial amount of growth by historical measures, it is down considerably from more than 500,000 jobs added in July. Professional and Business Services and Healthcare and Social Assistance registered the largest job gains this month, adding 68,000 and 62,000 new jobs, respectively.
-
Lending constraints slow construction but demand is resilientJune 2, 2023- United States
-
Shipping volumes shift east as uncertainty disrupts West Coast portsMay 18, 2023- Industrial
- United States
-
Industrial REITs show solid performance as supply headwinds emergeMay 5, 2023- United States
-
Investors shifting to industrial as office disruption continuesApril 21, 2023- United States
Blog
Local commercial real estate perspectives shared to help you make bigger market impact.
-
Research
Why we can’t just have nice thingsMarch 28, 2023- Global
-
Research
Banking sector stress elevates real estate uncertaintyMarch 22, 2023- Global
-
Research
Exploring new climate themes, policy, and progressNovember 7, 2022- Global
-
Research
UK service charge increases – where can occupiers save now and where could additional costs bring added value?August 24, 2022- Global
Market reports
Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.
U.S. office market Q1 2023 insights
Leasing activity took a step back in early 2023, dipping to -42.2% of pre-COVID and -27.5% of post-COVID levels, as banking failures, liquidity concerns and economic headwinds took center stage. Still, high-quality offices—such as those that offer superior sustainability—have continued to outperform the broader market. Demand is poised to rise, but is unlikely to meet pre-pandemic levels, as return-to-office efforts come to fruition, space utilization strategies get realized and tenant-favorable market conditions predominantly persist.
U.S. industrial market Q1 2023 insights
U.S. Industrial market trends exhibited continued strength despite economic headwinds, as pre-leasing activity drops slightly from all-time highs. Demand remains robust as net absorption in Q1 ranked #4 of first quarters since 2016. Vacancies remain near historic lows but are trending upward as new deliveries peaked in Q4 2023. Deliveries have already topped out in Q4 2022, just as monetary tightening is creating new space disruption that will hit the market beginning Q4 of 2023 as construction pipeline ground-breakings peak in Q3 2022. Delivery gaps typically are experienced within 12-18 months of economic events, with gaps in new space deliveries typically creating very competitive environments for occupiers as very little options will be available. Capital Markets activity continues to be extremely reserved compared to the past 5 years, as investment activity suffers from uncertainty in underwriting due to Federal Reserve opaque policy guidance.
