By: Maria Sicola, Elle Saling and Charles Warren | CREDA Market Monitor
Release Date: July 2026
The Commercial Real Estate Development Association Market Monitor (formerly the NAIOP Market Monitor) provides insights into shifting market conditions and capital flows across the United States. The report’s findings can help investors and developers identify regional trends and markets that align with their risk and return objectives or warrant further examination.
The 2026 Market Monitor identifies consistent, slow growth in sales activity in office markets. It also reveals strong growth in investment activity in the second-largest 51 industrial markets across the U.S.
Notable findings include:
- Overall, the largest 102 office and industrial markets grew in sales activity over the last year, the second consecutive year of growth for both product types.
- Transaction volume in the largest 51 office markets grew faster than in the second-largest 51 markets, while volume in the second-largest industrial markets grew faster than the largest 51 industrial markets.
- More office markets in the Midwest declined in relative size than grew.
- Several industrial markets experienced significant changes in relative transaction volume, particularly among the second-largest 51 markets, where activity is more sensitive to individual transactions.
- Secondary markets around inland logistics hubs appear to have benefited from recent market dynamics, while at least two port markets (Savannah, Georgia, and Norfolk, Virginia) have experienced a significant decline in relative size, likely because of shifting patterns in international trade.
- Relative volatility rose in several Midwestern industrial markets
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