The Latest Research

Industrial Demand Cooling but Absorption Remains Positive

The industrial sector has cooled coming off a sustained period of intense expansion driven by pandemic-induced demand for warehousing and e-commerce distribution. However, demand is still growing, and net absorption is forecast to increase in the second half of 2025.

Economic Impacts of Commercial Real Estate, 2025 U.S. Edition

This annual study measures the contribution to GDP, salaries and wages generated and jobs supported from the development and operations of commercial real estate. Each $1 of construction spending generated a total value of $2.95 to the economy, reflecting the cumulative effects of the initial construction expenditures as they cycle throughout the economy.

Demand for Office Space Expected to Stabilize

After five straight quarters of negative net absorption, the U.S. office market turned a corner with 1.0 million square feet of positive net absorption in the second quarter of 2024 and 4.9 million in the third quarter, though uncertainty around future federal policy and government leasing activity present potential risks to continued demand growth.