Placer.ai：2026年商业地产展望报告：分化格局（英文版）（13页）.pdf

1、by Placer.aINSIDESpecial Repor2026 CRE Outlook:A Differentiated LandscapBy Placer ResearcFeb 28,2026Commercial real estate in 2026 is defined by a deep differentiation across markets and asset types.Office recovery trajectories vary meaningfully by metro,retail performance reflects format-specific r

2、esilience,and domestic migration patterns continue to influence long-term demand fundamentalsby Placer.aINSIDESpecial ReporReturn to Office PatternHigher-income metros continue to trail 2019 benchmarks but are driving the strongest recent gains,signaling a potential inflection in office utilization

3、trendsOffice Visits by Marke2025 vs.2019(%2025 vs.2024(%Miami,F13.74.7New York,N17.35.5Dallas,T22.64.9Atlanta,G29.14.6Houston,T34.83.7Washington,D38.15.1Boston,M39.67.6Los Angeles,C41.01.1Denver,C42.40.6Chicago,I43.85.1San Francisco,C44.012.1-Nationwide Averagby Placer.aINSIDESpecial ReporMiami had

4、the smallest visit gap compared to pre-COVID,San Francisco led in YoY office traffic trendMajor InsightsSunbelt markets along with New York,NY are closest to pre-pandemic office visit levels,while many coastal gateway and tech-heavy markets trail 2019 benchmarks.Many of the metros still furthest bel

5、ow pre-pandemic levels are now posting the strongest year-over-year gainsKey Takeaway for CRE ProfessionalsLeasing velocity may accelerate in coastal markets particularly in high-quality assets even if full recovery remains distant.The expansion of AI-driven firms and innovation-focused employers co

6、uld support incremental demand in these ecosystems,reinforcing a bifurcation between top-tier buildings and the broader office inventoryby Placer.aINSIDESpecial ReporLeasing velocity may accelerate in coastal markets particularly in high-quality assets even if full recovery remains distant.$1000.40.