(TNND) — A new survey from CBRE paints a rosy picture for the commercial real estate market in 2026, with virtually all investors surveyed by the firm indicating they’re planning to increase or at least maintain their allocations to the sector.

CBRE, the world’s largest commercial real estate services and investment firm, released a survey this week of commercial real estate investor intentions.

Around three-quarters of survey respondents said they wanted to buy more commercial real estate. Another 21% said they wanted to buy about the same amount as they did last year.

Developers, real estate funds, private equity funds and other investor types were included in the survey across both the U.S. and Canada.

Investor optimism was tempered by several potential risks, including an uncertain economic outlook and a weakening labor market, according to CBRE.

But James Millon, a co-head of capital markets at CBRE, said a “constructive” marketplace has led most CBRE clients to want to be net buyers.

“I think the real question is one of pricing. Right? It’s at what price, it’s how I’d qualify that statement,” Millon said in a video posted by CBRE. “But for the most part, you have to remember there’s been over the last couple years $1.5 trillion raised in sort of alternatives, of which real estate falls into. And then you have dry powder sitting in funds that have been raised. That has to be deployed out into the marketplace. And so, I think it’s a stock picker’s market, but for the most part, there’s going to be net buyers out there.”

CBRE said it expects overall commercial real estate investment volume to increase by 16% this year.

While 74% of investors said they want to buy more, less than half said they want to sell more.

Tommy Lee, the other co-head of capital markets at CBRE, said there might not be enough commercial real estate to go around for buyers, at least early in the year.

“Do we think there’s going to be more competitive bidding pools? Yes, we do. Why? Because we’re seeing bidding pools get deeper across product types, and we’re seeing the composition of those become more diversified,” Lee said in the video. “So, that’s going to increase the competitiveness, but I still think we’re coming out of a down cycle. There’s going to be discipline. So, I don’t expect the weight of capital to push people into aggressive positions versus just competitive stabilized transaction activity.”

Dallas was named as the most attractive market for U.S. investors for the fifth consecutive year, followed by Atlanta and San Francisco, according to CBRE.

FILE – A general view of the skyline of downtown Dallas, 2011. (Photo by Mike Ehrmann/Getty Images)

Miami, Charlotte, Raleigh-Durham, Nashville, Tampa, Seattle and New York City were also named top markets.

Multifamily, meaning apartment buildings and the like, remained the most sought-after property type by a wide margin, CBRE said. Around three-quarters of investors said they were targeting that kind of commercial real estate investment.

Industrial and logistics properties also drew strong interest, followed by retail and offices.

“I think all things being said that we’re heading into a strong 2026, and I think that we should expect the most normal market we’ve had since probably 2019,” Lee said.