CBRE Survey Shows Investors Increasing Capital Allocation Into Commercial Real Estate for 2026

Commercial real estate data analytics

Commercial real estate investors are gearing up for a transformative year, according to the newly released 2026 North America Investor Intentions Survey from CBRE. With stabilizing pricing expectations, improving fundamentals, and renewed optimism around cooling debt costs, substantial capital injections are expected to reshape the U.S. commercial real estate landscape in 2026.

A remarkable 95 percent of investors plan to either increase their purchasing activity or at minimum match last year’s volume. More notably, 55 percent intend to increase overall capital allocation—a strong jump and a clear indicator of rising confidence.

“Investors are approaching 2026 with optimism…”

“Despite political and economic uncertainties, stabilizing debt costs and attractive pricing entry points are driving a strong sense of opportunity,” said Tommy Lee, President and Co‑Head of Capital Markets, U.S. & Canada, for CBRE.

Top Markets Investors Are Targeting in 2026

Dallas continues to dominate as the most attractive U.S. market for the fifth consecutive year. Cities like Atlanta and San Francisco follow closely behind. New high‑growth entries—including Charlotte, Nashville, Tampa, and Seattle—highlight growing demand in both emerging regions and discounted major metros.

What Property Types Are Investors Prioritizing?

Multifamily leads the pack, targeted by 74 percent of U.S. investors. Industrial and logistics assets follow with 37 percent, then retail at 27 percent, and office at 16 percent. Across all categories, top‑tier assets remain the core focus.

Alternative asset categories—including self‑storage, land, industrial outdoor storage, cold storage, and healthcare—are gaining interest, though only 11 percent of investors plan to pursue them actively this year.

Investor Strategy: Moderate Risk, Higher Returns

Value‑add and core‑plus strategies continue to grow in popularity as investors lean toward balanced risk‑to‑reward profiles. While core strategies are improving modestly, opportunistic and distressed strategies have softened.

Debt & Financing: Investors Brace for Market Shifts

Over 70 percent of investors expect to maintain their current debt‑to‑equity ratios. Nearly half are willing to endure a year of negative leverage—demonstrating confidence in long‑term asset performance.

Key concerns include fluctuating interest rates and shrinking refinance loan sizes due to adjusted valuations. Even so, direct real estate equity remains the favored investment vehicle, with continued interest in mezzanine financing, mortgage lending, and secured loan strategies.

Thinking About Breaking Into Real Estate?

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