By Julia Kollewe
Publication Date: 2026-02-12 17:33:00
Shares of commercial real estate services companies have slumped in the recent selloff sparked by fears of disruption from artificial intelligence.
Following sharp declines on Wall Street, European stocks in the sector took a hit on Thursday.
Shares in estate agent Savills fell 7.5% in London, while office services provider International Workplace Group, which owns the Regus brand, fell 9%. The UK’s two biggest property developers, British Land and Landsec, fell 2.6% and 2.4% respectively.
On Wall Street, real estate services companies fell for the second day in a row. CBRE shares plunged 12.5%, Jones Lang LaSalle lost nearly 11% and Cushman & Wakefield fell 9.1% after even steeper declines on Wednesday.
Commercial real estate stocks are the latest sector to be plagued by fears about the impact of rapid advances in AI, as last week’s selloff spread from legal software, publishing, analytics and data companies to insurance companies, price comparison sites and asset managers…
