Suburban properties currently outperform urban towers, but major tenant decisions could threaten refinancing at vulnerable buildings.

New facilities face near-term lease-up challenges, but older properties carry the greater risk as occupiers seek more efficient, technologically advanced space.

The retailer has completed five projects using the technology, with more than 30 additional buildings in the pipeline through 2027.

Unlike sectors whose gains were concentrated in large transactions, industrial and logistics posted widespread growth in individual-asset acquisitions.

The sector would need to increase annual construction roughly tenfold to keep occupancy at 90% as population growth outpaces inventory.

Less than 6 million square feet is under construction, down from 35 million in 2023.

Distributed generation can help facilities manage reliability risks, volatile electricity costs and disruptions that can quickly become expensive.

Final project costs are already running about 5% above last year, and JLL expects the gap between material and bid prices to close during the second half of 2026.