CWK · Cushman & Wakefield Ltd. · Investor Relations

Cushman & Wakefield (NYSE: CWK), a leading global commercial real estate services firm, has published its 2026 Data Center Development Cost Guide, revealing that data center construction costs have risen an average of 21% per megawatt (MW) since the previous edition was published in the fourth quarter of 2024. Covering markets across the United States and Canada, the guide provides a comprehensive overview of data center development economics spanning land acquisition, labor markets, construction costs, and capital expenditure trends across primary, secondary, tertiary, and frontier markets. It attributes rising development costs to worsening supply chain constraints, rising skilled labor wages, evolving land fundamentals, and escalating costs for critical components. "The data center industry is entering a new phase where access to power, land, and skilled labor are increasingly determining where growth can occur,” said John McWilliams, Head of Data Center Insights at Cushman

The U.S. life sciences real estate sector is moving toward a gradual rebalancing as development activity contracts, investment sales recover and funding conditions strengthen, according to the latest Life Sciences Update from Cushman & Wakefield. While elevated vacancy and softer rents continue to weigh on near-term fundamentals, a reduced construction pipeline and improving demand indicators are positioning the market for healthier long-term growth. U.S. life sciences asking rents averaged $64.17 per square foot (psf) in the second quarter of 2026, down 2.2% quarter-over-quarter (QOQ) and 5.3% year-over-year (YOY). Despite the decline, life sciences rents remained 37% above traditional office rents across the 12 major markets tracked by Cushman & Wakefield. Vacancy remained elevated as the market continued to absorb recently delivered space. The overall U.S. life sciences vacancy rate increased from 23.4% at year-end 2025 to 24.3% in Q2 2026. However, sublease vacancy edged

Cushman & Wakefield (NYSE: CWK) today announced the addition of Steve Klein to its Equity, Debt & Structured Finance team as Managing Director and Loan Restructuring Practice Lead. "Steve's expertise in loan restructuring is precisely the kind of sharp, specialized capability that strengthens our platform," said Miles Treaster, President, Americas Capital Markets at Cushman & Wakefield. "His ability to work across asset classes and capital structures will benefit not only our capital markets clients, but also for the firm's landlord leasing and regional advisory teams nationwide." In this role, Klein will oversee the firm's loan restructuring practice, focusing on identifying and executing restructuring solutions for distressed and transitional loan situations, positioning clients to preserve value and chart a clear path forward. "Today's market presents unique challenges and opportunities, and the need for creative restructuring and recapitalization solutions has never

GO Industrial has broken ground on a 1,100,500-square-foot (sf) industrial building located at 9797 W. Buckeye Road in Phoenix, which is set to deliver in Q2 2027. The building represents the sole 1 million square foot opportunity currently available in the market. "GO 99 North answers a genuine shortage of million-square-foot-plus buildings in this market, and it strengthens a corridor we're deeply invested in,” said Robert Guerena, managing partner at GO Industrial. “Building on our success directly to the south at GO 99 South, we're excited to bring this project and the opportunity it creates to the West Valley." The Cushman & Wakefield team of Mike Haenel, Andy Markham, Phil Haenel and Justin Smith have been retained as the exclusive listing brokers for GO Industrial on this assignment. The building will be available for lease or for sale. “This project represents a significant milestone for Phoenix’s industrial market,” said Markham. “With current inventory constraints in the

Leading Office Tenant Representation Broker Bolsters Firm’s Houston and Texas Occupier Services Team Cushman & Wakefield announced today that Drew Morris has joined the firm as Executive Managing Director. Morris joins Cushman & Wakefield’s Houston office tenant representation group, which has a long history of providing market-leading advisory services for clients locally, nationally and globally. For his part, Morris brings nearly 30 years of commercial real estate experience to his new role, where he will continue to specialize in creating and implementing real estate solutions for clients and their portfolios. Over the course of his career, he has closed more than 500 transactions on more than 11 million square feet of commercial space in Houston and across Texas, representing corporate, educational institutions, life sciences, financial services, energy-sector, legal, technology and data center clients. “Cushman & Wakefield’s historic market leadership, collaborative

Data center-related companies accounted for a record 14.4% of industrial leasing across six major U.S. markets in 2025, up 44% from the prior year As investment in AI infrastructure accelerates, the conversation around data centers has largely focused on power demand, land use and the number of permanent jobs created inside the facilities. New research from Cushman & Wakefield suggests that perspective captures only part of the economic picture. Cushman & Wakefield recently released From Megawatts to Multipliers: The Data Center Effect on Industrial Demand, Jobs and Local Revenue , a new report examining how data center development is driving industrial real estate demand and generating broader economic activity across the United States through the companies that build, equip, maintain and supply these facilities. Analyzing more than 388 million square feet of industrial leasing across six major U.S. data center markets between 2022 and 2025, the report found that businesses

Strong Leasing revenue growth of 27% (27% in local currency) Continued momentum in Services revenue growth, up 8% (7% in local currency) Achieved lowest borrowing spread on term loan debt in company history Cushman & Wakefield Ltd. (NYSE: CWK) today reported financial results for the second quarter of 2026 and raised 2026 annual Adjusted earnings per share (“EPS”) guidance to 18%-23% growth, up from previous guidance of 15%-20%. “We didn't just meet the bar this quarter—we moved it, with record second quarter leasing, services and total revenues, and our lowest gross debt balance ever,” said Michelle MacKay, Chief Executive Officer of Cushman & Wakefield. “Our opportunity extends far beyond the traditional definition of commercial real estate: We advise and operate across the entire built world, from data centers and infrastructure to energy and housing. That breadth, combined with a century of earned trust, is why we're raising our 2026 annual Adjusted EPS growth target to

Cushman & Wakefield (NYSE: CWK) announced today that the real estate services firm has expanded its premier National Industrial Advisory Group with the addition of Melinda Marino as Managing Director, who will be located in Northern California. Melinda Marino Led by Executive Vice Chairs Jeff Chiate and Rick Ellison, Cushman & Wakefield’s National Industrial Advisory Group—West serves the capital markets needs of institutional and private capital industrial owners in six western U.S. states, comprising California, Oregon, Washington, Nevada, Utah, and Idaho. “This strategic expansion reflects our commitment to providing clients with local expertise and deep market knowledge in the competitive Northern California industrial sector,” Rick Ellison, Executive Vice Chair at Cushman & Wakefield. “Melinda’s track record, combined with our integrated platform, enhances our ability to execute complex investment sales and deliver superior outcomes for investors and developers