Core Insights - The U.S. commercial real estate market experienced significant growth in Q4 2025, with a total transaction value of $179.9 billion, marking a 20.7% increase from Q3 2025 and a 20.2% increase year-over-year [2] - Industrial asset deals were a major driver of this growth, surging 54.4% year-over-year to $44.9 billion, representing nearly a quarter of total activity in Q4 2025 [2] - Overall, 2025 saw a total of 176,445 properties transacted in the U.S., a 0.6% increase from 2024, with total transaction volume reaching $560.2 billion, reflecting a 14.4% year-over-year gain [3] Transaction Activity - In Q4 2025, nearly 46,500 properties were traded, showing a 3.9% increase over Q3 2025 and a 2.2% increase compared to the same period in 2024 [4] - All four major property types recorded positive year-over-year price growth in every quarter of 2025, a first since 2022 [4] Report Insights - Altus Group's report provides a comprehensive overview of national commercial sale transactions across major property sectors, focusing on transaction volume, pricing, and pacing, with detailed insights by property subtype and metropolitan statistical area (MSA) [4] - The report distinguishes itself by covering a broader range of transaction activity, including single-asset transactions exceeding $100,000 in sale value [4]