Office REIT Leasing Activity Points to Earnings Momentum Ahead

Ronald Kamdem, head of U.S. REITs and commercial real estate research at Morgan Stanley, joined the REIT Report podcast to discuss current performance in the office REIT sector and how it is positioned for 2026. Kamdem spoke about the recovery of the office market post-pandemic, highlighting regional variations, trends in leasing and utilization, the impact of new developments, and the future of class B assets. Current sentiment in the REIT space, and how valuations are influencing strategies moving forward, were also discussed. “There's a lot of excitement in the office market right now because there's certainly been a lot of leasing that's been done in 2025…for the first time from a financial perspective, you're in a position where in 2026 going into 2027, you're going to be able to post some sort of financial and earnings growth to the market that people want to see,” Kamdem said. He added that if interest rates continue to trend lower, that will provide an additional tailwind to earnings growth.

You can listen to Office REIT Leasing Activity Points to Earnings Momentum Ahead online on Radio and Podcast. Open the player on this page to stream the available audio.

Office REIT Leasing Activity Points to Earnings Momentum Ahead is an episode from Nareit's REIT Report Podcast by Nareit.

This episode is 14:47 long.

This episode was published on Jan 8, 2026.

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