Global Real Estate Intelligence
Lee & AssociatesReport

2025 Q1 North America Market Report

US retailers shuttered roughly 7.1 million sq ft of space in the first quarter following one of the weakest annual absorption totals in a decade. Canada posted negative net absorption of 5.2 million sq ft in retail over the same period.

Industrial & LogisticsOfficeRetailMultifamilyU.S. NationalCanada
Read the full report at Lee & Associates

Published by Lee & Associates. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.

More like this
Lee & Associates

2025 Q4 North America Market Report

Annual net absorption fell from 20.5 million sq ft in 2024 to 852,722 sq ft in 2025 despite more than 12 million sq ft of tenant growth in the fourth quarter. Deliveries in 2025 totaled 253.6 million sq ft, down 52 percent from the 526 million sq ft record set in 2023.

Industrial & LogisticsOfficeRetailU.S. NationalCanadaRead
Lee & Associates

2025 Q3 North America Market Report

The report records 12 million sq ft of net absorption in the US and 5.4 million sq ft in Canada in the third quarter. It describes a landscape pausing as tariffs, legal uncertainty, high costs and AI considerations produced mixed results across property types.

Industrial & LogisticsOfficeRetailU.S. NationalCanadaRead
Lee & Associates

2025 Q2 North America Market Report

Retail demand turned negative for the first time since the Covid lockdown, with net absorption of negative 8.9 million sq ft in the second quarter. Overall office vacancy fell 10 basis points to 8.1 percent as Class A demand exceeded supply.

Industrial & LogisticsOfficeRetailU.S. NationalCanadaRead
GWL Realty Advisors

2026 Real Estate Market Perspectives: On the Cusp

The annual outlook reviews Canadian commercial real estate fundamentals and investment themes across the office, industrial, multifamily and retail sectors.

OfficeIndustrial & LogisticsMultifamilyCanadaRead
Mortgage Bankers Association

Commercial and Multifamily Mortgage Debt Outstanding Crosses $5 Trillion in First-Quarter 2026

MBA's quarterly Commercial/Multifamily Mortgage Debt Outstanding report finds total debt rose $26.3 billion (0.5%) to $5.02 trillion in Q1 2026, with multifamily debt up $23.0 billion to $2.32 trillion.

Debt & FinancingCapital MarketsMultifamilyU.S. NationalRead
Trepp

1970s Vintage Multifamily: The Value-Add Repricing Has Slowed, CRE CLOs Show

<div class="hs-featured-image-wrapper"> <a href="https://www.trepp.com/trepptalk/1970s-vintage-multifamily-the-value-add-repricing-has-slowed" title="" class="hs-featured-image-link"> <img src="https://www.trepp.com/hubfs/GettyImages-2199650737%20(1).jpg" alt="1970s Vintage Multifamily: The Value-Add Repricing Has…

CMBSDebt & FinancingCapital MarketsU.S. NationalRead