Change is the only constant – the new themes shaping commercial real estate

One month into 2025, it feels like history is being written in real-time. January alone has set quite the scene: Donald Trump back in the White House, UK long-term borrowing costs reaching a 20-year high, the announcement of the UK’s largest data centre, Goldman Sachs expressing optimism about rate cuts and the Heathrow third runway making headlines yet again. It’s a dynamic backdrop against which the commercial real estate sector must navigate its future.