CNBC Property Play: CRE transactions stalling below pre-Covid levels

Commercial Real Estate Market Overview - Commercial real estate deal making is experiencing a challenging 2025 [1] - Transaction volume remains significantly below pre-COVID levels [2] - Overall dollar volume has increased by only 5% year-over-year as of Q3 [2] Key Trends in September - A "flight to quality" is observed, with increased investment in higher-value properties [2] - Economic uncertainty is negatively impacting the hotel sector [2] - Signs of recovery are emerging in the office and open-air retail sectors [2] Deal Size and Volume - The average dollar size of sales in September increased to $127 million, compared to an average of $1122 million over the past two years [3] - 29 of the top 50 deals closed were over $100 million [3] - The volume of deals exceeding $100 million in Q3 increased by 35% year-over-year [3] - The volume of smaller deals has remained flat or decreased [3] Office Sector Activity - Apple invested $365 million in an office property portfolio in Sunnyvale, California [4] - Nvidia acquired a single office building in Santa Clara, California for $83 million [4] - Metlife secured an approximately 39% discount on an office property in Newport Beach, California [4] Strategic Acquisitions - Large tech companies with substantial cash reserves are strategically acquiring their own campuses at relatively lower costs [5]