In 2018，the pressure of commercial real estate reform becomes more and more urgent，and the situation of traditional retail industry is still severe.Major indicators such as the investment in commercial real estate，the area of new construction and the scale of sales for the whole year decreased compared with the average annual average of 2017.The trade war between China and the America that lasted for nearly a year had an unpredictable impact on China's economy and the future.Facing such a situation，it is predicted that in 2019，the uncertainty of commercial real estate market will increase，market competition will intensify，business innovation will accelerate，stock updating will accelerate，and asset securitization will accelerate.The office market is similar to the ups and downs of China's economy in 2018，showing a trend of high first and low second，while Shared office continues to expand but the growth rate slows down.The hotel market continues the recovery momentum of 2017，with consumption differentiation，asset efficiency and technological innovation still being the focus of the industry.The supply of land for long-term rental apartments increased rapidly，the rent increased steadily，and the expansion speed slowed down as a whole.Asset securitization is very active，and 2019 is also expected to be a big year for the development of asset securitization in China.