Seattle, Wash. (August 11, 2026) – Kidder Mathews has released its 2026 Western U.S. Mid-Year Market Forecast, offering an updated outlook on the economic conditions, structural shifts, and sector-specific trends shaping commercial real estate. The report examines trends for office, industrial, retail, and multifamily sectors, highlighting where fundamentals are stabilizing, risks are persisting, and new opportunities are beginning to emerge as the market moves into the second half of the year.

See overviews for each sector below and the full 2026 Western U.S. Mid-Year Market Forecast here.

Economic Overview
The U.S. economy enters the second half of 2026 on stable footing, with growth continuing at a more measured pace. Resilient consumer spending and accelerating investment in artificial intelligence continue to support expansion, while inflation gradually eases and the labor market normalizes. Read more.

Office Overview
The office market is gaining stability as leasing activity strengthens and supply pressures ease. The flight to quality remains a defining trend as tenants gravitate toward premium, well-located space, while declining sublease availability and limited new construction support a more balanced environment. Read more.

Industrial Overview
The industrial sector is gaining momentum as leasing activity strengthens and vacancy approaches its cyclical peak. A sharply contracting development pipeline and steady demand from logistics, e-commerce, advanced manufacturing, and data center users continue to position industrial as one of commercial real estate’s most durable sectors. Read more.

Retail Overview
Retail remains resilient amid selective growth, supported by limited new supply, low vacancy, and continued demand from grocery, discount, and value-oriented concepts. Suburban centers continue to outperform urban cores, and retail sales have reached near-record levels even amid a more cautious economic environment. Read more.

Multifamily Overview
Multifamily is moving toward greater balance as demand strengthens and new construction slows, while persistent affordability challenges continue to keep renters in the market. Investment activity is gaining momentum as capital markets stabilize, positioning the sector for steady, measured rent growth ahead. Read more.

“This marks our team’s fifth car wash transaction in Arizona this year,” said Zack House, senior managing director investments. “We’ve stayed busy in this sector because buyers continue to recognize the value of well-located, professionally operated car wash properties.”

Today the Tucson Association of REALTORS® launched Protect Your Title, the first known campaign of its kind aimed at fighting deed fraud, in partnership with the National Association of REALTORS® and Stewart Title & Trust.

“You can do everything right and still lose your property to a forged signature,” said Romeo Arrieta, CEO of the Tucson Association of REALTORS®. “There is no hotline that undoes a fraudulent deed. The remedy is years of litigation to prove you own what was already yours. Enrolling in the county’s free alert system takes two steps and a few minutes. We want every property owner in Pima County enrolled.”

Deed fraud is here. The FBI’s Internet Crime Complaint Center logged $275.1 million in reported real estate fraud losses in 2025, up from about $173 million the year before, and the agency says true losses run higher because many victims never report the crime or never discover it. Vacant land is the prime target: a 2025 National Association of REALTORS® survey found 62 percent of reported title fraud involved vacant parcels, a particular risk in Southern Arizona, where many lots are owned by out-of-state residents who might not learn of a fraudulent sale for months.

“REALTORS® see the damage from this crime up close,” Arrieta said. “Our members have watched families untangle forged deeds on inherited homes and out-of-state owners discover their land was sold without them knowing. Everything we do depends on people being able to trust that they own what they own.”

The campaign builds on four years of TAR engagement on deed fraud. TAR began advocating in 2022 after state legislation requiring county recorders to offer owner notification systems was passed, and TAR introduced the industry’s first deed fraud continuing education class in 2024. Now the Association teaches the one-hour deed fraud course the Arizona Department of Real Estate has required for all real estate licensees since the end of 2024. Since 2025, the association’s multiple listing service has stopped more than 2,400 attempted fraudulent listings through its Property Shield service. On Saturday, Oct. 17, TAR will offer its first deed fraud class open to the public.

Arizona’s new deed fraud law, SB 1479, takes effect Sept. 12. It makes filing false property documents a Class 5 felony, requires photo identification to record documents in person and requires every county Assessor to offer an owner alert system by Jan. 1, 2027. Campaign organizers say the law makes enrollment more important, not less: alert systems only help the owners who sign up.

That statewide requirement is also why the campaign matters beyond Tucson. Every Arizona county must have an alert system in place by January 2027. If “Protect Your Title” succeeds in Pima County, the campaign can work in other counties as those systems come online.

Property owners can enroll now at ProtectYourTitle.org. Enrollment is free and takes just two steps and a few minutes.