Kidder Mathews has released its 2026 Western U.S. Market Forecast, offering an outlook on the economic conditions, structural shifts, and sector-specific trends shaping commercial real estate.
The forecast examines commercial real estate trends across the office, industrial, retail, and multifamily sectors. It highlights where fundamentals are stabilizing, which risks persist, and the new opportunities that are emerging.
The office market is showing signs of gradual but uneven recovery, with leasing activity strengthening in select markets. Similarly, the industrial market is moving from a period of cooling toward greater balance, with steady leasing activity and continued stabilizing demand.
Retail fundamentals remain solid heading into 2026, supported by limited new supply, low vacancy, and continued demand from essential and value-oriented retailers. Multifamily also shows signs of strength as vacancy stabilizes, new supply declines, and renter demand continues to grow.
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