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

On February 25, 2026, Altus Group Limited announced the release of its Q4 2025 U.S. Investment & Transactions Quarterly Report, revealing a notable upswing in the commercial real estate (CRE) sector. The report highlighted that U.S. transaction activity reached $179.9 billion in Q4 2025, reflecting a 20.7% increase from Q3 2025 and a 20.2% rise compared to the same quarter in the previous year. The industrial sector led the growth, surging 54.4% year-over-year to $44.9 billion, constituting nearly 25% of total transaction activity for the quarter. Office and multifamily properties also demonstrated robust year-over-year growth, increasing by 14.9% and 14.2%, respectively.

Throughout 2025, total transaction volume amounted to $560.2 billion, marking a 14.4% year-over-year increase and securing the second consecutive annual rise. The number of properties traded reached 176,445, a slight rise of 0.6% from 2024 and the first annual increase since 2021. Cole Perry, Associate Director of Research at Altus Group, indicated improved market dynamics, emphasizing that all major property types experienced positive price growth throughout the year.

The report is distinguished by its in-depth analysis of a diverse range of transactions, including single-asset sales exceeding $100,000, providing a comprehensive overview of transaction volume, pricing, and pacing. Altus Group’s Reonomy dataset underpins the findings, offering insights well beyond large transactions that typically dominate other industry reports. Overall, the Q4 2025 report showcases a thriving U.S. CRE market, driven by strong demand across various property sectors as professionals navigate the evolving landscape of commercial investments.

The Q4 2025 U.S. Investment & Transactions Quarterly Report by Altus Group highlights a robust rebound in the commercial real estate (CRE) sector, evidenced by a substantial 20.7% increase in transaction value from the previous quarter. The total transacted value reached $179.9 billion, marking a notable recovery path for an industry that has been grappling with volatility.

Key segments driving this resurgence include industrial assets, which surged by 54.4% year-over-year, accounting for nearly a quarter of Q4 activity at $44.9 billion. This trend suggests strong demand for logistics and distribution facilities, fueled by e-commerce and supply chain optimization strategies. Additionally, the office (+14.9%) and multifamily (+14.2%) sectors exhibited positive growth, further reinforcing the need for diversified investment strategies.

Given the cumulative total of 176,445 properties transacted in 2025, the market conditions appear favorable as transaction volume reached $560.2 billion—a 14.4% increase year-over-year. The report’s insight showing consistent price growth across major property types signals that investor confidence is returning, and with it, the potential for further appreciation in valuation.

For investors, this report suggests a strategic emphasis on industrial and multifamily assets, as these sectors are currently experiencing substantial demand and may present lucrative returns. Moreover, the comprehensive nature of Altus Group’s research, which covers varying asset classes and geographic markets, provides an invaluable tool for identifying emerging opportunities.

In summary, as the CRE market stabilizes and grows, investment strategies should pivot towards industrial and multifamily assets while remaining cognizant of regional dynamics. Investors should approach this recovery with a balanced portfolio, poised to leverage sector-specific trends while managing risks associated with market fluctuations.