Commercial real estate investment activity in the United States is expected to see significant growth in 2026, according to a recent forecast from CBRE, a global property services firm. The outlook projects that total commercial real estate investment volume will rise to approximately $562 billion, approaching pre-pandemic levels, despite broader economic growth continuing to moderate. This increase is driven by a combination of recovering leasing markets and a continued focus on income-oriented returns. The market is showing signs of resilience, particularly in certain property sectors that are poised to attract substantial investment in the coming year.
The report highlights that while economic conditions may remain somewhat subdued, commercial real estate remains an attractive investment due to its potential for stable, income-generating returns. Investors are expected to take advantage of opportunities presented by property types that are seeing improved leasing activity. Notably, industrial and data center sectors are expected to continue drawing strong interest from capital markets. These areas, driven by ongoing demand for logistics, e-commerce, and digital infrastructure, are anticipated to remain high on investors’ radar throughout 2026.
In addition to industrial and data centers, office leasing is showing signs of selective recovery. While the office market has faced challenges in recent years due to shifts in work patterns and the rise of remote work, demand for office spaces is expected to stabilize, especially in key markets where employers are looking to reinvest in physical spaces. However, recovery may be uneven across different regions and building types, with more premium and well-located offices likely seeing stronger leasing activity compared to secondary locations.
The multifamily sector also shows strong potential, with demand for rental properties continuing to be robust, driven by ongoing housing shortages and affordability challenges in many markets. This is expected to contribute positively to investment volumes, as multifamily assets remain a popular choice for income-focused investors. Similarly, retail properties tied to essential services—such as grocery stores, pharmacies, and medical facilities—are expected to see positive leasing trends, signaling that certain segments of the retail market remain resilient despite broader challenges facing the sector.
Overall, CBRE’s outlook for 2026 points to a diversified commercial real estate market, with opportunities across multiple sectors, including industrial, office, multifamily, and retail spaces tied to essential services. Investors are expected to remain cautious but optimistic, seeking properties that offer stable returns and long-term growth potential. As the market continues to recover and adjust to evolving economic conditions, commercial real estate is poised to remain a key component of many investment portfolios in the year ahead.
