CBRE · Earnings call · 2026Q3T · Full report

Geographic Leasing and Sales Trends

CBRE GROUP, INC. · 2026-10-22 · Importance 41 · Surprise 48 · In source text

Global leasing revenue grew 6%, with EMEA up 21%, led by the U.K.; APAC grew 2%, supported by India and the Pacific and offset by North Asia softness; and U.S. leasing rose 4%. U.S. industrial leasing increased 16%, while office leasing declined 2%. Global property sales revenue increased 28%, led by U.S. growth of 37%, driven by industrial and retail; EMEA sales rose 8%, including 33% growth in the U.K., and Asia Pacific sales increased 10%, led by Japan. Management described strong leasing pipelines and expected global leasing revenue to grow at a low double-digit rate in the fourth quarter.

Key facts

• CBRE expects double-digit leasing growth in Q4 2026, partly because some large deals slipped from Q3 into Q4.
• CBRE expects global leasing revenue to grow at a low double-digit rate in Q4 2026.
• CBRE expects leasing growth to settle in the mid- to high-single digits in 2027.
• CBRE's Q3 2026 U.S. industrial leasing revenue increased 16%.
• CBRE said limited availability of space to lease in the biggest U.S. markets is affecting its leasing business.
• CBRE's Q3 2026 U.S. office leasing revenue declined 2%.

Impact estimates