2020
2021
2022
2023
2024
2025
Q1
Q2
Q3
Q4
Multifamily
Retail
Industrial Distribution
Office
Data Centers
Net Employment
Capital Formation / Investment
Economic Growth Engine
Adoption
Release of ChatGPT
Momentum Score Classifications
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
+
+
+
+
+
+
+
+
+
Economic and CRE AI Impact Dashboard
Adoption
2020
2021
2022
2023
2024
2025
Q1
Q2
Q3
Q4
Semiconductor Sales
Commercial Electricity Consumption
Overall
Release of ChatGPT
Share of Business with Paid Subscriptions to AI Tools
Share of Americans Reporting Daily or Weekly AI Usage
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Explore Adoption Indicators & Insights
The shift towards AI adoption is underway. We’re tracking usage data, electricity demand, and semiconductor sales to identify where AI is moving from experimentation to embedded practice in the economy.
Economic Growth Engine
2020
2021
2022
2023
2024
2025
Q1
Q2
Q3
Q4
Construction Spending on Power and Communications Infrastructure
Business Spending on Information Processing Equipment/Software
Overall
Productivity: Labor Output Per Hour
Real Wage Growth
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Explore Economic Growth Engine
Indicators & Insights
Release of ChatGPT
AI is kicking off a new wave of investment that could lift the economy and drive real estate demand. We’re watching as to whether this momentum is turning into real growth by tracking how much companies spend on new equipment, how productive workers become, and whether wages are rising.
Capital Formation/Investment
2020
2021
2022
2023
2024
2025
Q1
Q2
Q3
Q4
Performance of AI Equities
Venture Capital Funding to GenAI Companies
Overall
Private Equity Fundraising for Data Center Investment
Data Center ABS Issuance
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Explore Capital Formation/Investment Indicators & Insights
Release of ChatGPT
Sustained investment is the clearest signal that AI’s impact is durable. Venture funding, public market valuations, and data center fundraising reveal whether capital markets believe in long-term transformation.
Net Employment
2020
2021
2022
2023
2024
2025
Q1
Q2
Q3
Q4
Employment in Vulnerable Blue Collar Sectors
Employment in Highly Vulnerable Office-Using Sectors
Overall
Youth Unemployment Rate Differential
CEO Hiring Plans Relative to Sales Expectations
Job Growth in AI Infrastructure Sectors
Online Job Postings Requiring AI Skills
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Explore Net Employment Indicators & Insights
Release of ChatGPT
AI is poised to reshape the workforce, but whether it will ultimately reduce or expand total employment remains unclear. To spot which scenario is playing out, we’re tracking what sectors are expanding or contracting, how hiring expectations compare to sales expectations, and the pace at which AI skills are entering job requirements.
Data Centers
2020
2021
2022
2023
2024
2025
Q1
Q2
Q3
Q4
Pre-commitment rate of capacity under construction
Capacity-Based Vacancy Rate Change
Overall
Institutional Investors' Data Center Allocation
Institutional Cap Rate Premium
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Explore Data Centers Indicators & Insights
Release of ChatGPT
Data centers are the physical infrastructure of AI. Market performance and capital flows into this sector show how quickly digital demand is translating into real asset demand.
Office
2020
2021
2022
2023
2024
2025
Q1
Q2
Q3
Q4
Class B&C Vacancy Rate
Office-Using Employment Growth
Overall
Class A Absorption: Tech R&D/Manufacturing Exposed Counties
Share of U.S. Office Sales: Tech R&D/Manufacturing Exposed Counties
Office Cap Rate Spread Over Risk Free Rate
Institutional Allocations to Sector
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Explore Office Indicators & Insights
Release of ChatGPT
AI is likely to make the differences in office locations and asset quality even sharper. Shifts in the job market, leasing activity, and investor sentiment help show where AI is strengthening markets and exposing weaker ones.
Industrial Distribution
2020
2021
2022
2023
2024
2025
Q1
Q2
Q3
Q4
Leasing in Next
Gen Bulk
Distribution Centers
Automation Proxy (Occupied Distribution Space Per Worker)
Overall
Occupancy in Next
Gen Bulk
Distribution Centers
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Explore Industrial Distribution Indicators & Insights
Release of ChatGPT
AI-driven automation may be fueling stronger tenant demand for modern industrial space. We’re watching closely leasing trends and occupancy rates among next generation distribution centers to see if this is being borne out.
Retail
2020
2021
2022
2023
2024
2025
Q1
Q2
Q3
Q4
Foot Traffic at Goods-Oriented, Brick and Mortar Retail
Structural Shift to Online Spending
Overall
Foot Traffic at Experiential/Services Retail (Restaurants, Beauty, Fitness)
Foot Traffic at Grocery Stores
Average Real Net Worth: Top 10% of Households
Average Real Net Worth: Botom 90% of Households
Retail Availability: Tech R&D/Manufacturing Exposed Counties
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Explore Retail Indicators & Insights
Release of ChatGPT
AI has the potential to accelerate the shift towards e-commerce while reshaping brick-and-mortar performance in uneven ways. Early winners and losers should be revealed by foot traffic and online retail sales trends, while wealth data may reveal which category of retail is best positioned to thrive.
Multifamily
2020
2021
2022
2023
2024
2025
Q1
Q2
Q3
Q4
Class A+ Rent Growth Differential
Outperformance Index for Key AI/Tech Hubs
Overall
Commodity Class A Rent Growth Differential
Class B Rent Growth Differential
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Explore Multifamily Indicators & Insights
Release of ChatGPT
AI‑driven income growth and the clustering of tech jobs could widen the performance gap across multifamily housing. We’re watching rent trends by building class and by market to monitor these shift shifts as they unfold.
2022
2023
2024
Q1 2025
Q2 2025
Q3 2025
Q1 2026
Q4 2025
Macroeconomic Categories
Real Estate Sectors
Retail
Office
Data Centers
Net Employment
Capital Formation and Growth
Economic Growth Engine
Adoption
Release of ChatGPT
AMERICAS
APAC
EMEA
AI Momentum Scores
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Adoption
Semiconductor Imports
Electricity Consumption: Commercial and Industrial
Overall
AI Diffusion
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Explore Adoption Indicators & Insights
2022
2023
2024
Q1
Q2
Q3
Q1 2026
Q4
Release of ChatGPT
The early contours of an AI adoption shift are already taking shape, as usage transitions from experimentation into a sustained, structurally embedded feature of economic activity. Metrics spanning commercial electricity consumption, semiconductor imports into India, and survey-based usage data offer a window into this evolution. As AI becomes more deeply integrated across firms and consumers and deployment continues to broaden, these indicators will be instrumental in determining whether adoption is reaching a depth likely to generate durable demand shifts for CRE.
Economic Growth Engine
GVA: Electricity, Gas & Utilities
Revenue of Companies in Tech Equipment and Apparatus
Overall
Labour Productivity
Explore Economic Growth Engine Indicators & Insignts
2022
2023
2024
Q1
Q2
Q3
Q4
Release of ChatGPT
As AI triggers a new wave of cap‑ex investment in infrastructure, equipment, and software, indicators such as AI‑related capital spending, labor‑productivity growth, and wage‑trend measures will be essential for tracking whether these investments are translating into meaningful economic acceleration that, in turn, broadens demand for CRE.
Real Wage Growth
Capital Formation and Growth
AI Equity Stock Performance - MAG 7
Funding into Gen AI Companies
Overall
AI Equity Stock Performance India
Explore Capital Formation and Growth Indicators & Insights
2022
2023
2024
Q1
Q2
Q3
Q1 2026
Q4
Release of ChatGPT
Through a new wave of infrastructure development, enterprise technology spending, and productivity-driven growth, AI's proliferation has the potential to reshape India's economy and commercial real estate demand. But realizing this potential will require sustained, high levels of investment - both domestic and foreign. Indicators such as AI-focused venture capital and private equity funding, public market valuations of India's technology and IT services firms, government-led initiatives under programs like Digital India and the India AI Mission, and capital raised for data center development across key hubs such as Mumbai, Chennai, and Hyderabad are essential for tracking whether these investments are gaining the momentum needed to translate into durable structural shifts.
Investments in DC
Data Centers
Capacity Based Vacancy Rates
Total Capacity
Overall
PE Fundraising for Data Centers
Explore Data Centers Indicators & Insights
2022
2023
2024
Q1
Q2
Q3
Q1 2026
Q4
Release of ChatGPT
Data centers are becoming increasingly critical infrastructure as AI-driven compute demand scales, but rapid investor capital deployment raises the risk that development outpaces underlying user demand. Indicators such as increase in total capacity, vacancy rates across markets, PE fund Raising for Data Centers in India will help assess how the fundamentals are moving.
Net Employment
Employment in Vulnerable Blue Collared Sectors
Employment in Highly Vulnerable Office Industries
Overall
Youth Unemployment Rate Differential
Organizations’ Sales Plan-hiring Plan Differential
Job Growth in AI
Explore Net Employment Indicators & Insights
2022
2023
2024
Q1
Q2
Q3
Q1 2026
Q4
Release of ChatGPT
AI is poised to reshape the workforce by redirecting job growth away from roles at risk of automation, and towards occupations focused on AI implementation and infrastructure development. But whether AI ultimately reduces net employment or expands it remains an open question. To gauge which scenario is playing out, indicators such as job growth in vulnerable vs. positively exposed sectors, are critical, as are measures of youth unemployment, CEO expectations for hiring vs. sales, and job postings requiring AI-related skills.
Office
Grade A Absorption
Office Using Employment Growth
Overall
Grade B Vacancy
Share of Office Sales in Tech Dominant Submarkets
GCC Leasing
Explore Office Indicators & Insights
2022
2023
2024
Q1
Q2
Q3
Q1 2026
Q4
Release of ChatGPT
AI is likely to make the differences in office locations and asset quality even sharper. Shifts in the job market, leasing activity, and investor sentiment help show where AI is strengthening markets and exposing weaker ones.
Retail
Retail Occupancy in Tech Exposed Sub markets
E commerce Growth
Overall
Revenue Growth of Major Retailers
Explore Retail Indicators & Insights
2022
2023
2024
Q1
Q2
Q3
Q1 2026
Q4
Release of ChatGPT
AI is fundamentally reshaping retail by enabling hyper-personalised shopping experiences. The physical store is being reimagined through computer vision, cashierless checkout, and AI-powered supply chain optimisation, compressing the cost of last-mile delivery and shrinking the gap between online and offline retail economics. For India specifically, where retail is a $900 billion market still dominated by unorganised trade, AI represents a leapfrog opportunity . Is it disrupting the retail space requirements yet is a question that needs to be explored.
2025
Economic and CRE AI Impact
2025
2025
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
2025
2025
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
2025
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
2025
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
2025