Nearly half of family offices plan to increase real estate allocations, focusing on residential and industrial sectors, according to Knight Frank. The report, based on 150 global family offices managing an average of USD560m each, found 28% boosted property investments in the past 18 months, with office space and luxury residential leading. Looking ahead, 44% expect to invest more, particularly in the US, Canada, and the UK. The shift comes as global real estate investment rebounded 8% to USD806bn after a steep decline in 2023. Most family offices invest domestically, though those in Switzerland, Singapore, and Hong Kong take a more international approach. The number of high-net-worth individuals grew 4.4% last year, with North America seeing the highest increase.