2022
2023
2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Sustainability
Retail
Industrial
Office
Data Centres
Net Employment
Economic Growth Engine
Adoption + Capital Formation
AI Momentum Scores
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Macroeconomic Categories
Real Estate
Release of ChatGPT
Economic and CRE AI Impact Barometer
Explore Adoption Indicators & Insights
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Adoption + Capital Formation
APAC Semiconductor Sales
AI Diffusion
Electricity Monthly Peak System Demand
Fund Flows to AI & Semiconductor ETFs
Venture Capital Funding to GenAI Companies
2022
2023
2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
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.
Sustained investment is also among the clearest signal that AI’s impact is durable. Venture funding and public market fund flows reveal whether capital markets believe in the long-term transformation of AI.
Adoption & Capital Formation
Explore Economic Growth Engine Indicators & Insights
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Economic Growth Engine
Private Sector Spending on Intellectual Property Products
Labour Productivity
Unit Labour Cost
Real Disposble Income
Electronics Production
2022
2023
2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
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 intellectual property products, how much electronics are being produced, how unit labor costs changes, how productive workers become, and whether real disposable incomes are rising.
Economic Growth Engine
Explore Net Employment Indicators & Insights
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Net Employment
Employment in Highly Vulnerable Office-Using Sectors
Employment in Vulnerable Blue Collar Sectors
Youth Unemployment
Business Hiring Relative to Sales
2022
2023
2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
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 and how hiring expectations compare to sales expectations.
Net Employment
Explore Data Centres Indicators & Insights
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Data Centres
Capacity-Based Vacancy Rate Change
Pre-Commitment rate of capacity under construction
Institutional Cap Rate Premium
2022
2023
2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
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.
Data Centres
Explore Office Indicators & Insights
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Office
Office-Using Employment Growth
Category 2 Office Vacancy Rate
Office Cap Rate Spread Over Risk Free Rate
Investors' Office Allocation
2022
2023
2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
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.
Office
Explore Industrial Indicators & Insights
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Industrial
Occupied Industrial Space Per Worker
Manufacturing Fixed Asset Investment Commitments
Prime Logistics Stock Built post-2020
2022
2023
2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
AI-driven automation may be fueling stronger tenant demand for modern industrial space. We’re watching closely prime logistics completions, fixed asset investment commitments in manufacturing, and occupancy patterns to see if this is being borne out.
Industrial
Explore Retail Indicators & Insights
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Retail
Structural Shift to Online Spending
Investors' Retail Allocation
Vacancy Rates Differential between Orchard and Outside Central Region
2022
2023
2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
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 through online retail and F&B sales trends; investor allocations tell us if brick-and-mortar remains an attractive proposition. Vacancy rate spreads of retail space in prime areas against a resilient heartland could also change as retailers and consumers look towards online or AI-driven experiences.
Retail
Explore Sustainability Indicators & Insights
Positive Signal Accelerating
Positive Signal Gradually Intensifying
Neutral Signal/ Holding Steady
Negative Signal Accelerating
Negative Signal Gradually Intensifying
Sustainability
Share of Renewables and Imports in Electricity Generation
Super Low Energy Certified Floor Space
Share of Electric Vehicles
2022
2023
2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
AI is likely to affect environmental sustainability in uneven ways. We are tracking whether electricity is being generated via carbon-neutral options, and also tracking the real estate covered by Super Low Energy certifications as AI drives efficiency needs. Electric vehicles could also gain faster ground in the market as AI helps resolve adoption issues.
Sustainability
