Insights from Real Estate Leaders on Market Shifts, Trends, Opportunities and Strategy in the New Year

Why This Matters:

So…survive ‘til ‘25 didn’t work out quite as the industry hoped. The industry largely anticipated lowered interest rates, increased transaction volumes, and elevated project starts. At current writing, those aspects haven’t quite transpired as anticipated. However, there are a number of positive local dynamics. Multifamily vacancy has shrunk over the course of the year, and deliveries have slowed – leading to rental rate growth. Q3 brought decreases in both overall vacancy and available sublease space in the office market, and despite highwater mark vacancy in the industrial sector, cooling deliveries and record asking rents indicate signs of stability after the pace of the previous coupl¢∞e of years. Coupled with an initial interest rate cut from the Federal Reserve, there’s plenty of reason to anticipate a Fix in ‘26.