Property Play: Commercial real estate leaders are ‘slightly less optimistic’ about 2026
2025-12-30_19-11 • 1m 51s
Contessa Brewer (Anchor)
00:00.000
Diana.
Diana Olick (Senior Real Estate Correspondent)
00:01.520
Well,
Contessa,
look,
you
know
me.
I
always
want
to
be
optimistic
heading
into
a
new
year,
but
unfortunately
commercial
real
estate
leaders
are
slightly
less
optimistic
than
they
were
ahead
of
last
year,
at
least
according
to
a
survey
from
Deloitte.
83%
of
respondents
said
they
Diana Olick (Senior Real Estate Correspondent)
00:16.120
expect
their
revenues
to
improve
by
the
end
of
2026
compared
with
88%
last
year.
Fewer
respondents
also
said
they
plan
to
increase
spending.
68%
said
they
anticipate
higher
expenses
next
year.
But
okay,
let's
Grill
down
onto
specific
sectors,
starting
with
office,
which
seems
to
Diana Olick (Senior Real Estate Correspondent)
00:33.600
have
bottom.
That's
a
good
thing.
Vacancy
rates
are
expected
to
drop
below
18%
as
more
tenants
return
to
the
market
according
to
Collier's.
There
will
continue
to
be
a
flight
to
quality
as
in
Class
A
buildings
in
many
markets
which
are
now
almost
fully
occupied.
Office
Diana Olick (Senior Real Estate Correspondent)
00:48.280
construction
is
also
at
its
lowest
level
in
over
three
decades
according
to
Yardi.
Moving
to
multifamily.
Rents
are
starting
to
ease
as
a
record
level
of
new
supply
continues
to
make
it
through
the
pipeline.
line.
Multifamily
has
led
investment
sales
volume
since
2015
and
there
Diana Olick (Senior Real Estate Correspondent)
01:05.000
are
no
signs
of
this
changing,
but
its
share
of
total
volume
is
expected
to
ease
a
little
bit
as
investors
allocate
more
capital
to
office,
data
centers
and
retail.
This
according
to
Colliers.
And
speaking
of
data
centers,
which
we
can't
get
enough
of,
Deloitte
called
this
Diana Olick (Senior Real Estate Correspondent)
01:19.760
sector
a
clear
bright
spot
in
the
US
commercial
real
estate
landscape.
It
pointed
to
nine
major
global
markets
where
100%
of
the
new
construction
pipeline
is
already
fully
pre-leased.
Data
centers
though
do
face
some
headwinds
in
financing,
grid
capacity,
zoning,
and
of
course
Diana Olick (Senior Real Estate Correspondent)
01:36.360
local
politics.
Now
we've
got
much
more
in
the
outlook
for
all
commercial
real
estate
sectors
in
the
PropertyPlay
newsletter
cnbc.com/propertyplay.
You
still
have
time
to
sign
up.
Contest
it's
free.
Contessa Brewer (Anchor)
01:48.240
It's
a
great,
great
read,
Diana.
Autoscroll