Now Available from Cushman & Wakefield: U.S. Macro Outlook for 2023 Report

The economy entered 2023 with a cloud of uncertainty stemming from decades-high inflation, rising interest rates, and warning signs for a potential recession. While there is plenty of evidence to suggest a tougher road ahead — we are expecting a mild recession to occur in 2023 — the outlook is balanced by resilience in certain sectors and more challenging headwinds in others. In this report, we break down our baseline economic forecast and the nuanced implications it will have on CRE property sectors over the next couple of years.


  • Economy – The U.S. economy will experience a mild recession that starts in 2023.
  • Office – The age of trifurcation is here; strong demand for high-quality space and not enough of it.
  • Industrial – This is the year fundamentals will finally start to rebalance.
  • Multifamily – Looking past the near-term headwinds, the other side is strong.
  • Retail – No sector is immune, but retail enters 2023 with strong demand drivers.
  • Capital Markets – The good news is there has already been a lot of bad news.
  • Niche Sectors – Specialized sectors are becoming increasingly important to real estate investors.


Later this year, look for an updated report with our latest insight on these key topics.

Obsolescence Equals Opportunity: New Cushman & Wakefield U.S. Office Market Report

The office sector is facing an unprecedented imbalance in supply and demand, and a period of structural change that will likely prevail through the decade. Our new report quantifies the challenge facing the U.S. office sector. It evaluates how much office space the post pandemic workforce requires, compares that need to existing supply, and looks forward to repositioning and repurposing strategies to help potentially troubled assets adapt to future demand. READ MORE

Financial Services: Employment, Leasing, & Fintech Emergence Throughout The Pandemic

From the acceleration of digitalization to job creation to space planning revisions, the financial services industry has seen its share of changes, as well as plenty of growth and adaptation coming out of the pandemic. READ MORE