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.
Viewpoints - Spring 2024
Expert perspectives on trending topics in real estate, and its influence on our communities and workplaces.
Explore our 2022 Impact Report
Explore our 2022 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 Q2 2024 insights
As we reach the halfway point of 2024, the broader capital markets environment is showing signs of resilience and adaptability despite some macroeconomic uncertainties and a disconnect between buyers and sellers regarding property valuations. Debt origination has decreased by approximately 24% year over year, a substantial improvement from Q1 2024, where it was down 48%. This positive trend is expected to continue, especially with the anticipated increase in transactional activity due to pending loan maturities. Lenders have demonstrated flexibility with workouts and loan modifications, creating opportunities for future growth. Additionally, regional banks' liquidity issues are being mitigated as alternatives like CMBS gain traction among borrowers.
U.S. office market Q2 2024 insights
As of Q2 2024, the overall availability rate for U.S. office space has begun to stabilize—now at 23.7%. This figure is comprised of a 20% direct availability rate and a 3.7% sublet availability rate, and remains nearly unchanged from Q1 2024. Despite supply remaining stable, demand has seen an uptick in recent quarters. The 124.3 million square feet (msf) of leasing activity through the first half of 2024 marks a 13.2% decrease from this time last year; however, this quarter’s leasing activity at 72.1 msf shows a 38.1% increase over last quarter, shining a positive light into the second half of 2024.
U.S. industrial market Q2 2024 insights
The first half of 2024 showed soft leasing, but positive momentum suggesting a strong second half. Vacancy rates are expected to plateau and decrease heading into 2025. Despite concerns, indicators such as the second strongest start to a year via port activity, +$234.1B in manufacturing construction spending, and pre-leasing activity point to a market on the rise. Rental growth remains steady, with a new space gap expected in early 2025. Port labor negotiations are increasing industrial demand ahead the looming September 30 contract expiration. Significant dry-powder awaits Federal Reserve policy changes, anticipating increased deployment competition in the industrial sector.
U.S. multifamily market Q1 2024 insights
Top U.S. markets have seen the multifamily inventory increase by an annual average of 3.4% since 2020. Development activity is expected to peak in 2024, with almost 500,000 new units expected to deliver across the top U.S. multifamily markets. Though overall rent growth has been minimal, absorption reached its highest level in Q1 2024 since 2021, when demand last peaked.
Blog
Local commercial real estate perspectives shared to help you make bigger market impact.
- Research
World Economic Forum, Davos 2024: Key Insights for the Commercial Real Estate IndustryJanuary 31, 2024 - Research
Breakthrough, agreement, and funding futures: COP28’s impacts on climate risk resilience and CREDecember 22, 2023 - Research
We will emerge from the trough: current market climates and outlooks on office.August 22, 2023 - Research
Peak uncertainty into peak opportunity: The most challenging and rewarding years we will ever seeJuly 21, 2023
