Скачать или смотреть The McLean Syndicate Real Estate Market Outlook October 2025

This presentation, Real Estate Market Outlook – October 2025 by The McLean Syndicate, provides an in-depth assessment of U.S. commercial real estate trends across capital markets, asset classes, and policy factors. It notes that after sharp valuation declines from the 2022–2023 rate hikes, easing interest rates and narrowing spreads are restoring liquidity and investor confidence in 2025. Multifamily and industrial sectors remain the most resilient, though multifamily faces Sun Belt oversupply while coastal markets are rebounding. Industrial fundamentals are softening as supply outpaces absorption, but reshoring and e-commerce continue to drive long-term demand. Office remains the weakest sector, with vacancy rates near 20% and bifurcation between prime assets and underperforming secondary markets. Hospitality has largely recovered, led by strong leisure and urban travel, though rising labor costs constrain margins. The report also analyzes construction and labor cost inflation, policy headwinds such as tariffs and H-1B fees, and new capital access through 401(k) reforms. Overall, it concludes that 2025 marks a transition from contraction to stabilization, with investors focusing on core, high-occupancy assets as market conditions gradually normalize through 2026.