
Positive Momentum
Positive Momentum
Find out more in our Winter 2026 Commercial Real Estate Survey

Positive Momentum
Positive Momentum
Find out more in our Winter 2026 Commercial Real Estate Survey
NEWS & INSIGHTS
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View AllRECENT MATTERS

Survey data says that the commercial real estate market is entering 2026 with measured optimism, as expectations for new development turn cautiously positive. The findings signal an inflection point in the market after several quarters of sustained caution driven by rising construction costs and interest rate uncertainty.
The Winter 2025 Forecast highlights a divergence between Northern and Southern California office markets, as demand concentrates on high-quality, well-located assets.
Retail sentiment has strengthened across California, supported by improving inflation expectations and stabilizing fundamentals.
The industrial sector is showing signs of renewed momentum heading into 2026. Expectations for development have increased, with 39% of respondents anticipating more than one new industrial project in the next 12 months, a 20% increase from the Summer 2025 Survey (19%).
Multifamily continues to stand out as one of the most resilient segments of California commercial real estate, even as sentiment moderates slightly heading into 2026.

Find out in In the Dirt. In this special series, we ask our lawyers what's happening in commercial real estate. Then we bring you key trends and developments with bite-sized commentary that focuses on the most significant issues.

The Road Ahead:
Navigating Federal Policy Changes
The current administration is making big changes to the Federal government, and Allen Matkins is tracking the developments impacting your business. Watch this space for in-depth analysis and insights.

Real Smart delivers conversations with some of the most interesting and successful real estate industry participants. We dive into the industry's big trends and offer compelling career and leadership insights. Host Spencer B. Kallick is a real estate and land use partner at Allen Matkins.

Our culture is inclusive, collegial, and we enjoy working together. Find out more about our culture and how it drives our relationships with clients.
Our culture is inclusive, collegial, and we enjoy working together. Find out more about our culture and how it drives our relationships with clients.
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