U.S. VIEWPOINTS | FALL 2025
Reframe

In commercial real estate, the ability to reframe – how we interpret market signals, assess risk, and define opportunity – is what separates reactive decisions from strategic ones.
This issue of Viewpoints is a testament to that mindset. Our teams are looking beyond the headlines to uncover value in places others might overlook. We explore how disciplined investors are stepping off the sidelines and capitalizing on mispriced assets. We dive into the complexities of data center development, where power – not just land – is the new currency. We highlight cities that are rewriting the playbook on office conversions, turning vacancy into vibrancy. And we examine how healthcare tenants are reshaping retail corridors, bringing long-term stability and foot traffic to once-struggling centers.
Each story is a reminder that reframing isn’t just about optimism – it’s about precision, creativity, and timing. It’s about seeing what’s really there, not just what’s trending.
I invite you to explore the insights in this issue and connect with our team. Let’s reframe the future of real estate, together.

Harry Klaff
President, Avison Young U.S.
01 Capital markets clarity: five signals it's time to invest in CRE
Strategic moves in a market misread by the majority
02 Data center power plays: navigating site selection and energy needs
Energy, infrastructure, and the race to meet digital demand
03 Blueprints for conversion: three markets writing the rules on reuse for office
Creative strategies turning vacancy into vibrancy across North American cities
04 Medtail momentum: where healthcare meets high foot traffic
Health-oriented tenants are reshaping retail with stability, traffic, and purpose