Demographics, labor supply, and growth limits

PwC’s Karl Russo and CBRE’s Henry Chin share their outlook for the U.S. economy and commercial real estate in 2026, exploring opportunities and risks to growth.

Key Takeaways:

• The U.S. economy should remain resilient in 2026.
• While the labor market finds a new equilibrium, many companies are racing to upskill and retain talent as they adopt AI processes.
• Reshoring and infrastructure improvements are expected to drive industrial growth in secondary markets.
• Data centers are positioned as a leading sector amid structural undersupply.