Altus Group Releases Q3 2025 U.S. Investment & Transactions Quarterly Report

Core Insights - The U.S. commercial real estate market experienced a significant rebound in Q3 2025, with a total transaction value of $150.6 billion, marking a 23.7% increase from the previous quarter and a 25.1% increase year-over-year [1] - Multifamily deals were the primary driver of annual growth, with spending up 51.1%, accounting for over one-third of all single-asset sales in the quarter [1] - Overall transaction activity for the first three quarters of 2025 reached $375 billion, reflecting a 10.3% increase from the same period in 2024 and a 13.0% increase from 2023 [2] Transaction Activity - Q3 2025 saw a 12.6% quarter-over-quarter increase in the number of properties transacted [1] - The median price per square foot rose by 2.9% quarter-over-quarter and 14.2% year-over-year, indicating strong price growth across nearly all sectors [2] - The report by Altus Group provides a comprehensive overview of national commercial sale transactions, focusing on transaction volume, pricing, and pacing, with detailed insights by property subtype and metropolitan statistical area (MSA) [2] Sector Performance - Industrial, office, and general commercial sectors recorded annual gains that exceeded the overall 25.1% increase, although growth varied across property types [1] - Hospitality transactions, however, experienced a decline of 11.9% [1] - Altus Group's analysis captures a broader range of transaction activity, including single-asset transactions exceeding $100,000 in sale value, distinguishing it from other industry reports [2]