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.
Explore our latest Impact Report
Explore our 2023 Impact Report, and read about our performance last year, alongside perspectives from our people on the topics that matter most to us – climate action, diversity, equity and inclusion, and community impact.
Accompanied by stunning portraiture, captured by talented female photographers from Women Photograph, these stories are just some of the ways we’re supporting our clients, our industry and each other to create everyday impact for people and the planet.
The Office Busyness Index
The analytics behind building utilization
Busy places can create vibrant, lively and enriched experiences. Build connectivity and spark energy. And, fuel financial performance.
Market reports
Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.
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.
U.S. office market Q4 2024 insights
The overall availability rate for U.S. office space stood at 23.4% at the close of the fourth quarter, marking the second consecutive quarterly decline in availability—a trend not seen since before the pandemic in Q4 2019. In 2024, U.S. office leasing activity totaled 290 million square feet (msf), falling 11.6% below the pre-COVID annual average of 328 msf (2000–2019) and 1.5% below the 294 msf recorded in 2023. Renewal lease sizes increased by 11.7% since 2019, although this growth has been inconsistent year over year, with the bulk of the increase occurring in 2024.
U.S. industrial market Q4 2024 insights
The year 2024 could best be described as the epitome of “wait and see” regarding industrial demand and decision making. Investors, developers, and debt providers started the year cautiously due to decoupling of the 10-year and effective funds rates, but rates have now returned to post-election levels, making underwriting and deal making more attractive. A new space gap is anticipated in late 2025 as previously tabled decisions are implemented, with economic and trade policy factors becoming more certain after the election.
U.S. multifamily market Q4 2024 insights
Multifamily demand remained strong through the fourth quarter of 2024, driving absorption rates to levels comparable to the all-time highs of 2021. Meanwhile, rents in major markets are rising again while the Sunbelt is continuing to see strong absorption levels after experiencing a surge in new development. Capital markets activity picked up in 2024, with 2024 sales volumes increasing by almost 10% since the fourth quarter of 2023.
