1、2026 commercial real estate outlookDeloitte Center for Financial ServicesThe opportunities are realif you know where to look12026 commercial real estate outlook.Table of contents02 Macroeconomic volatility and policy uncertainty may put the CRE industry recovery on pause,but not for good05.Selective

2、,flexible capital commitments could determine success in the property market comeback as early-mover advantages appear to wane10.Upside may be on the horizon as renewed capital and the return of traditional lenders help breathe life into CRE debt markets,even as distress persists12.Alliances appear

3、to gain favor among CRE investors looking to tap partner expertise for new opportunities16.The path to turning AI promise into success likely runs through reliable data and application readiness19.The opportunities are real20.Endnotes22026 commercial real estate outlookTo what extent could macroecon

4、omic volatility and policy uncertainty impact the pace of the commer-cial real estate recovery?Is now the moment to recommit to the property market comeback?Where does upside exist within a bifurcated CRE loan market?How can strategic partnerships expand access to CRE capital and diversify investmen

5、t channels?Are CRE organizations investing in AI progress,or just paying for promise?Read on to find out.Macroeconomic volatility and policy uncertainty may put the CRE industry recovery on pause,but not for goodIn last years commercial real estate outlook,we anticipated that 2025 could mark a recov

6、-ery for the global CRE industrybuoyed by an expected return of deal activity,more favorable lending terms,greater industry collaboration,and advances in artificial intel-ligence.As we write a year later,it hasnt exactly played out that way,largely due to an unpredictable global macro environment,wh