Altus Group Releases Q4 2025 U.S. Investment & Transactions Quarterly Report

Executive Summary

• Altus Group released its U.S. Commercial Real Estate Investment & Transactions Quarterly Report for Q4 2025.
• Total U.S. transaction dollar value in Q4 2025 reached $179.9 billion, up 20.7% from Q3 2025 and 20.2% year‑over‑year.
• Industrial asset deals drove growth, surging 54.4% YoY to $44.9 billion; overall transaction volume for 2025 hit $560.2 billion, a 14.4% increase YoY.

Key Details

• Quarterly Transaction Volume: $179.9 bn (Q4 2025) – +20.7% vs Q3 2025, +20.2% YoY.
• Industrial Sector: $44.9 bn in deals – +54.4% YoY; represents ~25% of total Q4 activity.
• Office Sector: +14.9% YoY growth in dollar volume.
• Multifamily Sector: +14.2% YoY growth in dollar volume.
• Properties Transacted 2025: 176,445 U.S. properties – up 0.6% from 2024; first annual increase since 2021.
• Total 2025 Transaction Volume: $560.2 bn – +14.4% YoY, second consecutive year of growth.
• Quarterly Property Count: ~46,500 properties traded in Q4 2025 – 3.9% rise vs Q3 2025 and 2.2% rise vs Q4 2024.
• Report Scope: Includes all U.S. commercial sale transactions ≥ $100,000, covering a broad range of property types and providing granular sub‑sector and MSA‑level analysis.
• Data Source: Altus Group’s Reonomy dataset; estimates applied where reporting lag exists; figures are preliminary and may be revised.

Notable Quotes

“With nearly 46,500 properties trading hands this past quarter, we’re seeing improved growth rates, with a 3.9% rise over Q3 and 2.2% rise over the same period in 2024,” – Cole Perry, Associate Director of Research, Altus Group.

Materiality Assessment: Non‑Material – Neutral (informational market data without direct impact on Altus Group’s financial results or operations).