2026 Could Mark a Reset Year for Commercial Real Estate

After a volatile 2025, new research from Colliers suggests commercial real estate is entering a reset phase in 2026. Financing conditions are stabilizing, pricing expectations are clearer, and investor confidence is beginning to return — setting the stage for renewed transaction activity.

While uncertainty hasn’t disappeared, the market is shifting from paralysis to disciplined opportunity. Elevated yields have forced more conservative underwriting, but liquid debt markets and expectations of gradual rate relief are improving deal feasibility.

For multifamily investors, this environment creates a unique window. Supply-heavy markets are working through excess inventory, rents are stabilizing, and distressed or mismanaged assets remain available at reset pricing. As construction slows and fundamentals rebalance, well-capitalized operators can acquire assets positioned for long-term recovery.

The takeaway: 2026 may not be a boom year — but it could mark the beginning of the next growth cycle. For multifamily investors focused on fundamentals, the reset is the opportunity.