January 2026 Commercial Real Estate Market Insights
Labor market conditions continued to weaken toward the end of 2025, as hiring slowed and revised data showed weaker job growth than previously reported. In response to these conditions, the Federal Reserve shifted toward policy easing, delivering multiple rate cuts at the second half of 2025. Inflation showed signs of easing, while overall economic growth remained resilient, supported by steady consumer spending. Financial conditions, however, have been slower to adjust, with borrowing costs only beginning to edge lower. As a result, the full benefits of monetary easing for investment and commercial real ...