Q3 2026 Global Trends and Tactics:

Real estate opportunities and risks in the current environment

Discover the latest quarterly real estate market trends in our quarterly research report. Dive deeper into regional market and sector conditions to find out the tactics we incorporate into our investment decisions.

Click below for regional highlights

Returns positive for last eight quarter amid improving values

• Momentum in deal activity continued in the first half of 2026, with sales volume growing 23% year-over-year and Q2 2026 volume rising 14% to $136.6 billion, while institutional investors remain under their target allocations for the asset class, which should support activity in 2026.
• The U.S. economy continued to grow at a solid pace in Q2 2026, with GDP up an estimated 2.3% annualized, buoyed by A.I.-related investment and resilient consumer spending, though the Fed has signalled it is open to a potential rate hike should inflation conditions worsen, with markets now pricing in no further cuts through the remainder of 2026.
• Most retail and medical outpatient markets have vacancies below long-term averages, with retail vacancy near historic lows at 6.5% and medical outpatient occupancy at a cyclical high of 93%, while the number of new projects getting started has dropped significantly across sectors, which will bode well for future fundamentals as new supply becomes less of a headwind.