Commercial real estate is navigating significant shifts as tariffs on construction materials, stricter immigration policies reducing labor availability, and rising insurance costs create pressure on the market. Office vacancies have reached record highs, but there are early signs of stabilization in key metros. Multifamily remains resilient in major cities, retail continues to perform steadily, and industrial is moving toward a more balanced phase after the pandemic boom.

At the same time, opportunities are emerging. Affordable and workforce housing continues to see strong demand and low vacancy rates, while distressed office assets are trading at deep discounts for investors willing to reposition them. Despite economic headwinds, well‑planned strategies can still unlock value across multiple commercial real estate sectors.