11/20/2025
SVN Dunn Commercial is pleased to share highlights from the latest SVN Economic Update (Nov 13, 2025), a snapshot of the national conditions shaping commercial real estate strategy heading into 2026.
🔍 Key Insights
- Capital markets are improving, though long-term rates and reduced foreign investment are tempering the 2026 outlook.
- Job growth slowed in October, with ~42,000 private-sector jobs added and wages up 4.5% YoY, a weaker pace than earlier in the year.
- Office vacancy remains elevated at ~18.6% nationally; improvements continue to be concentrated in top-tier, trophy-class assets.
- Medical office outperforms with lower delinquencies and declining vacancy rates.
- Logistics activity expands, but warehousing demand is softening as inventories trend down ahead of the holiday season.
🎯 What This Means for CRE
- Market performance is increasingly bifurcated, quality assets continue to lead.
- Sectors like medical office, data centers, and self-storage show structural strength.
- The office sector’s recovery remains uneven, requiring disciplined underwriting and asset-specific strategy.
- Shifts in macro indicators signal the need for measured, forward-looking investment decisions.
🏢 What SVN Dunn Commercial Is Watching
- How national bifurcation trends show up in our regional asset performance.
- Emerging opportunities in repositioning solid but under-performing properties.
- How evolving tenant needs may shape redevelopment and conversion activity.
- The impact of capital-market volatility on transaction timing and pricing.
As the market continues to evolve, informed strategy is more important than ever.
To explore how these trends may impact your portfolio or upcoming decisions, reach out to our team, we’re here to help you navigate what’s next.
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