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Special Report

Iran Conflict

March 2026

Will Middle East Military Engagement
Impact Commercial Real Estate?

The economic impact will depend on the duration of the conflict and the extent of damage to energy infrastructure. U.S. and Israeli strikes on Iran have turned the conflict into a global energy-market risk. These pressures could add to headwinds for the U.S. economy, which already faces a weak employment climate.

• Analysis of how a Strait of Hormuz closure could ripple through the broader economy.

• Scenario analysis comparing how disruption could unfold based on its duration and the extent of infrastructure damage.

• Examination of the implications for commercial real estate property types and for investor strategy.

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