Module

What’s in store for commercial real estate in 2022?

Explore our house view and forecasts for the year ahead

Economy

Capital Markets

Office

Retail

Industrial & Logistics

Multifamily

Hotels

Data Centers

Despite omicron and other challenges, economic growth will remain resilient as supply chain and inflationary pressure ease

Economy

GDP growth forecast, well above 2% long-term trend

+4.6%

increase in transaction volumes over 2021’s high level

5%-10%

Record investment volume fueled by abundant capital and liquid debt markets

Capital Markets

new space coming online, subduing rents and increasing vacancy rates

53 MSF

Leasing improves as occupiers take advantage of tenant-favorable market conditions

Office

retail sales per sq. ft. as retailers use space more efficiently

Record

Growing investment and leasing activity as retail sales, consumer spending and foot traffic rise

Retail

record development activity, but demand will still eclipse supply

448.9 MSF

E-commerce, population shifts and onshoring bolster demand amid record-tight supply

Industrial & Logistics

rent growth in urban areas as downtown properties fill back up

Household formation, high occupancy rates and resurgent downtowns power a record year

Multifamily

revenue growth forecast as bookings increase

23%

Hotels

capacity under construction in primary data center markets

527.6 MW

Exponential growth as tech companies expand and 5G, AI and edge computing gain traction

Data Centers

Risks from renewed travel restrictions, but higher occupancy levels expected as inbound international and business travel increases