America‘s Commercial Real Estate Show Deloitte's 2026 Real Estate Outlook with John D'Angelo
Nov 25, 2025
John D'Angelo, the real estate solutions leader at Deloitte, breaks down the latest insights from Deloitte's Global Real Estate Sentiment Survey. He reveals that 75% of investors are planning increased allocations to real estate, with rising interest in the U.S. market and renewed optimism for office investments. D'Angelo also discusses concerns about debt availability, capital costs, and the future of loan maturities. Surprising market opportunities and investor optimism shine through, even amidst challenges in valuations and AI adoption.
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U.S. Gains As Top Cross-Border Market
- The U.S. jumped as a target for global capital, moving from 11% to 16% of respondents' intended destinations.
- India and the UK also attracted notable interest from global investors.
Financing Concerns Outrank Geopolitics
- Top investor concerns are capital availability, interest rates staying elevated, and overall cost of capital.
- Geopolitical uncertainty and talent attraction ranked lower than financing issues.
Perceived Debt Shortage Vs. Market Reality
- Despite lenders returning to markets, respondents still worry about debt availability, a disconnect the team found puzzling.
- Timing differences between mid-2025 sentiment and current market activity may explain the gap.