Q3 2026 U.S. MarketBeats: Demand Outpacing Supply Across the Major Sectors

Source: Cushman & Wakefield Research | Published October 14, 2026

Cushman & Wakefield Research has released its Q3 2026 national MarketBeat reports for office, industrial, retail and multifamily. One theme runs through all four this quarter: tenants are absorbing more space than is being delivered, and vacancy is either flat or falling.

Office
National vacancy dipped to 19.8%, and net absorption was positive for a fifth straight quarter. Class A buildings continue to outperform the rest of the market.
Read the U.S. Office Report: https://www.cushmanwakefield.com/en/united-states/insights/us-marketbeats/us-office-marketbeat-reports

Industrial
Net absorption reached 76.6 million square feet, the strongest quarter since early 2023. Vacancy eased to 6.8%, and developers are starting to build again.
Read the U.S. Industrial Report: https://www.cushmanwakefield.com/en/united-states/insights/us-marketbeats/us-industrial-marketbeat

Retail
Shopping center vacancy held at 5.9%, well below its long-run average. Very little new construction is keeping fundamentals stable even as rent growth slows.
Read the U.S. Shopping Center Report: https://www.cushmanwakefield.com/en/united-states/insights/us-marketbeats/us-shopping-center-marketbeat-report

Multifamily
Vacancy fell to 8.6%, its lowest level in three years. Asking rents grew at their fastest annual pace since early 2023.
Read the U.S. Multifamily Report: https://www.cushmanwakefield.com/en/united-states/insights/us-marketbeats/us-multifamily-marketbeat

Browse all U.S. MarketBeats, including 70+ local markets: https://www.cushmanwakefield.com/en/united-states/insights/us-marketbeats

Hawaiʻi's markets run on their own supply constraints, so national trends don't always play out the same way here. For a read on what this quarter means for Oʻahu and the neighbor islands, reach out to our team.

Data and analysis © Cushman & Wakefield. Shared by Cushman & Wakefield ChaneyBrooks.