KPMG Commercial Property Market Update – June 2026

This report features KPMG’s forecast of the complex commercial property market, highlighting current dynamics across different cities globally.

Executive summary As the market moves beyond the recent cycle of volatility, we are seeing clearer divergence across sectors. Retail has strengthened, industrial remains underpinned by long-term demand drivers, while office continues to adjust to hybrid work and AI-driven change. The next phase will be defined by how these structural shifts intersect with persistent interest rate and inflation pressures. Office sector Vacancy continues to rise amid softer labour market and slowing empl...

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Authors: Brendan Rynne, Brian Tran

Published Date: 01 July 2026