Top executives from major real estate agencies are cautiously optimistic about the early stages of a multi-year recovery in commercial real estate. While deal activity is picking up, challenges remain, including fluctuating demand, economic uncertainty, and evolving investor priorities.

A key area of focus is the continued rise of data centers, driven by increasing digital infrastructure needs. As AI and cloud computing accelerate, agencies see data centers as a high-growth asset class, but competition for suitable sites and regulatory hurdles present obstacles.

With market sentiment improving, industry leaders are watching closely to see if this momentum can be sustained—and how factors like interest rates, tenant demand, and capital availability will shape the next phase of recovery.