Capital value analysis and forecast
Following headwinds in 2025, the global market enters 2026 on an uncertain footing
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Following headwinds in 2025, the global market enters 2026 on an uncertain footing
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Stronger economies are supporting property income, but renewed rate pressure is keeping the recovery selective, prime-led and regionally uneven.
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Stability persists amid elevated borrowing costs and economic uncertainty

Rental growth and yields
Stability persists amid elevated borrowing costs and economic uncertainty
Prime office yields stable at 4.9%, underpinned by competitive debt and resilient occupational markets.

Spotlight: European Office Investment – Q2 2026
Prime office yields stable at 4.9%, underpinned by competitive debt and resilient occupational markets.
Prime residential prices remained resilient in the first half of 2025, recording positive price growth of 0.7%
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Prime residential capital value growth and forecasts
Prime residential prices remained resilient in the first half of 2025, recording positive price growth of 0.7%
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"Availability declined 290 basis points year over year to 19.2%. While stillelevated, conditions are improving as leasing activity increases."
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"Second quarter activity continues to firm up the Calgary market"
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"Occupier demand remains resilient as market enters a more balanced phase"
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"Miami industrial market enters a new phase of stabilization"

"Positive absorption and strong leasing activity signal rebound"



"L’absorption positive et l’activité locative soutiennent la reprise"
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"Vacancy remains elevated compared with one year ago"
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"Industrial market recovery continues as vacancy declines"
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"Vacancy reaches a cycle high as occupier demand turns negative"
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"Demand strengthens as market balance emerges"