Third-quarter U.S. commercial real estate investment sales transactions reached $150.6 billion, up 23.7% from Q2 and 25.1% year over year, Altus Group Limited said in its newly issued CRE Investment & Transactions Quarterly Report. The number of properties sold also rose, increasing 12.6% from Q2 and 6.8% Y-O-Y.
Annual growth continues to be driven by multifamily. Spending rose 51.1% and represented more than a third of all Q3 single-asset sales. Industrial, office and general commercial sectors recorded annual gains above the overall 25.1% increase. However, growth was uneven across property types, with hospitality transactions declining 11.9%.
“After a slower-than-expected start to the year, transaction activity rebounded sharply in the third quarter, bringing total volume to $375 billion through the first three quarters of 2025, up 10.3% from the same period in 2024 and 13.0% from 2023,” said Cole Perry, associate director of research at Altus. “Nearly every sector saw strong price growth as well.”
Pictured: The Venue at Orange, a newly built Redlands, CA apartment property that traded for $148.4 million during Q3 in a deal arranged by Institutional Property Advisors.
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