Total returns of 1.1% q/q in Q4 2025 were more-or-less unchanged from the previous quarter and helped returns for 2025 rise to just under 5%. That highlights the modest recovery in commercial real...

The divergence between data center REIT performance and data center asset values over the last year appears to reflect the high level of uncertainty in the sector. Questions over power constraints...

We expect continued divergence in both total non-farm and office-sector job growth across the largest metros over the next two years. Those in the South will continue to significantly outperform the...

We expect another slow year for investment in 2026 and a correspondingly poor (and below-consensus) outlook for total returns. On the bright side the improving apartments outlook will see it return 7%...