The Latest Research

NAIOP Market Monitor

The NAIOP Market Monitor provides insights into shifting market conditions and capital flows across the United States. The 2025 NAIOP Market Monitor identifies a resurgence of sales activity in office markets that likely reflects investors acting on the stabilization in overall demand for office space. It also reveals strong growth in investment activity in industrial real estate despite a slowdown in industrial leasing fundamentals across the U.S.

Office Space Demand Forecast, Q2 2025

The national market for office space continued to rebound with a fourth consecutive quarter of positive net absorption. First-quarter absorption totaled 5.6 million square feet, which followed 7.3 million square feet absorbed in the fourth quarter of 2024, according to the latest Office Space Demand Forecast from the NAIOP Research Foundation.

Net office space absorption over the last three quarters of 2025 is expected to be 24.9 million square feet; the forecast projects that net absorption for 2026 will total approximately 15.1 million square feet. The current forecast is based on a conservative outlook for the economy that assumes a 70% chance of a mild recession.

Succession Planning for Commercial Real Estate Firms

Preparing and implementing a plan to transfer control of a firm to a new generation of leaders can be a daunting prospect. Leaders of CRE companies often face additional, unique challenges due to their firms’ complex valuation processes, intricate tax strategies and multifaceted ownership structures. The NAIOP Research Foundation, in conjunction with Wipfli and The DRG, authored this study to explore the challenges and opportunities associated with succession planning for CRE firms.