Core Insights - JLL's Global Bid Intensity Index increased in October, indicating ongoing growth in capital flows and heightened market competition in the near future [1][2] - The improvement in bidder dynamics began in July 2025, with October showing the second-highest monthly gain in the past year, driven by interest rate cuts from the Federal Reserve [2] Capital Market Trends - Institutional investors are displaying increased confidence in the market, with capital deployment accelerating in Q3 2025, despite ongoing uncertainties [3] - The Living/Multi-Housing sector is leading in bidding activity, supported by significant dry powder and housing shortages in major markets [3] - Industrial and Logistics sectors are experiencing a rebound in bidding competitiveness as trade policy uncertainties diminish, while Retail liquidity is improving for various asset types [3] Office Sector Dynamics - The Office sector is witnessing a notable recovery in bid dynamics from the lows experienced in late 2023, with improved investment sentiment and increased lender participation [4] Market Outlook - Property sector fundamentals remain strong, with asset valuations holding steady in 2025, suggesting a more positive growth outlook for 2026 [5] - Increased risk tolerance among investors, combined with robust debt markets, is expected to enhance liquidity in the market [5] Global Bid Intensity Index Overview - The Global Bid Intensity Index provides insights into investment market competitiveness by analyzing proprietary bid data, offering early signals on competition and pricing trends in private real estate capital markets [6]