Real Estate Research
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White papersStepping up a gear: Top 10 questions on real estate markets in 2026
2025 was a year of significant uncertainty, fueling recessionary fears and caution in investing. Global economic and geopolitical uncertainty led to market volatility. This year, we begin by reviewing the impact and how the real estate market is being affected.
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White papersU.S. Commercial Real Estate Chartbook January 2026
Investment activity has been gradually increasing since reaching a low point in 2023. Depressed levels are largely due to redemption queues in funds. For example, the ODCE queue peaked at 19% of NAV in 2023 and is currently at 12%.
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White papers2026 Real Estate Market Outlook
The headwinds encountered for real estate investment over the last few years seem to be receding. Compared to the beginning of 2025, interest rates are lower, real estate liquidity is improving, the economy is growing, and new construction is decelerating materially.
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White papersCIM in Europe: Albert Yang on growth, innovation, and opportunity
CIM is an established US firm with a focus on private market investments mainly in the US. Headquartered in Los Angeles, it oversees c. $30bn in assets under management (as of December 31, 2025) with 9 offices globally and has over 30 years history of investing in real estate, infrastructure and private credit. The three founders have built a firm with their passion for development, operational expertise and remain active within the business.
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White papers2026 Real Estate Outlook: Navigating the real estate resurgence
After years of rising rates and valuation corrections, private real estate is poised for meaningful recovery. With values stabilizing and six consecutive quarters of positive total returns, strengthening fundamentals are creating compelling long-term opportunities. Discover our six investment themes for 2026 and where we see the most attractive opportunities across risk profiles and geographies.
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White papersCleared for Takeoff: A New Flight Path for Real Estate - 2026 Global Investment Outlook
After years of ongoing turbulence punctuated by repricing, interest rate fluctuations, and recalibrations, the global commercial real estate sector appears to have found a stable altitude—and is now primed to begin its next ascent.
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White papers2026 Market Outlook
Market Fundamentals and Capital Trends: 2025 Global growth at 3.2%, Korea at 1.0%. US tariff agreements, export strength, fiscal policy to support GDP growth upward revision.
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White papersDeconstructing IOS
Since the early 1990s, Realterm has been a pioneer investor in transportation logistics real estate, a subset of the industrial & logistics real estate sector that prominently includes many types of industrial outdoor storage (IOS) facilities.
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White papersLiquidity returning to Asia-Pacific real estate markets
With interest rates stabilizing and asset repricing creating new entry points, liquidity is returning to Asia-Pacific real estate. Nuveen Real Estate’s Louise Kavanagh and industry leaders discuss where they see the most compelling growth potential—from Japan’s multifamily and senior living sectors to opportunities in Korea and selective Chinese markets. Explore how rate normalization, trade policy shifts and evolving capital allocation trends are reshaping the regional landscape.
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White papersInsights from the Asia Pacific Real Estate Market
In this exclusive three-part series, we unpack the forces shaping the region’s investment landscape, from long-term performance and macro fundamentals to sector innovation and demographic shifts. Whether you’re navigating tactical plays or positioning for the next cycle, these insights offer a forward-looking lens into one of the world’s most dynamic real estate markets.
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White papersUS real estate outlook – Edition 2025/26
Transaction activity in US commercial real estate regained some momentum in 3Q25, with deal volumes up 17.0% YoY and investment volumes at USD 125 billion for the quarter. Momentum was broad-based, with gains across office (+38%), retail (+24%), senior housing (+21%), apartment (+13%), and industrial (+8%).
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White papersAsia Pacific real estate outlook – Edition 2025/26
When the Trump administration fired off its tariff salvoes in April, Asia was on the front line. Since then, however, some of the smoke has started to clear. Although the past few months have been a volatile mix of tariff ramp-ups, retreats and trade deals, a truce of sorts appears to be holding – for now, at least.
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White papersSwiss real estate security – Edition 2025/26
After a subdued performance in 2022 and 2023, capital market transactions gained noticeable momentum in 2024. So far in 2025, more than CHF 3.4 billion has flowed into Swiss real estate funds, with nearly one-third of that amount allocated to non-listed real estate funds. Additional emissions of around CHF 750 million have already been announced by the end of the year.
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White papersSwitzerland real estate outlook – Edition 2025/26
The Swiss economy grew by 0.8% in 1Q25, driven mainly by early export activities ahead of Liberation Day. However, momentum slowed in Q2, with GDP growth at just 0.1%, though still stronger than expected.
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White papersGlobal real estate outlook – Edition 2025/26
The impact of tariffs is starting to feed through to US consumer prices, with the latest inflation print at 3.0% for September, up from 2.7% in July, but still below the 4.0% initially feared following the ‘liberation day’ announcements in April. We have yet to see the full impact of tariffs come through, with an expected one-off uptick in inflation, and there remains a constant threat of further changes to tariff levels.
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White papersLooking past the chaos: the time for European real estate debt
The global commercial real estate market has undergone a profound transformation since mid-2022. Rising interest rates and macroeconomic uncertainty have led to a significant repricing of real estate assets, with capital values correcting by approximately 20–25% across Europe, creating one of the most attractive entry points for real estate debt investment in over a decade.
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White papersQ4 2025 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.
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White papersWhy investors are moving in on South Korea’s rental boom
With swelling rental demand in key Asia Pacific cities, the residential landscape continues to grow for institutional capital, providing the opportunity to help increase high quality housing supply and benefit from the attractive potential risk-adjusted returns that the sector can offer.
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White papersU.S. Core Real Estate: A New Cycle Is Emerging
Clarion believes that the U.S. commercial real estate market is embarking on a new cycle. Following a phase of re-pricing and adaptation to elevated interest rates, private real estate, as represented by the national NCREIF property index (NPI), has posted multiple consecutive quarters of stable values and positive investment performance driven by income. The cycle is underpinned by, on one hand, a potentially more favorable outlook for capital markets, as the Federal Reserve has resumed interest rate reductions. On the other hand, stabilizing and strengthening demand fundamentals, along with diminishing supply-side constraints, should further support the new cycle. Liquidity has returned to the debt markets, and investor sentiment appears to be improving, especially for the sectors that continue to demonstrate operating solidity and strength.
