The current global economy as we know it can be divided into two states of being; pre- and post-‘Liberation Day’. In the first, growth was steady, if unspectacular. In the second, volatility and uncertainty are the prevailing characteristics. Until there is some clarity over where we land in the wider spectrum of possible scenarios, a period of caution will grip global real estate capital markets. This comes at an inopportune moment for the real estate market, after finally showing signs of emerging from a two-year period of malaise.

This quarterly report explores the latest global trends behind recent transactional activity, pricing and investor behaviour in the living, logistics and office markets. We hope you find these three reports insightful and enjoy reading it.