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Altus Group: CRE Sales Volume Slows in Q1 2025
Total dollar value of commercial real estate investment sales dropped to $69.3 billion in the first quarter of 2025, down 22.3% from Q4 2024 and 19% year-over-year, Altus Group said in its Q1 2025 U.S. Investment & Transactions Quarterly Report. Through Q1, aggregate national transaction activity in terms of property count fell 11.6% quarter-over-quarter and 8.0% Y-O-Y.
By market, the Phoenix metro area saw the greatest Y-O-Y appreciation in median pricing per square foot, up 55%. Conversely, Houston withstood the biggest decline at -39%.
All sectors saw quarter-over-quarter declines in the number of properties transacted, with the largest decline in the hospitality and industrial sectors at 47.4% and 11.1%, respectively. However, the number of multifamily properties that transacted decreased only slightly (-3.2%) over the same period
While aggregate transaction volume fell across all sectors on a quarterly basis, two sectors saw annual growth: multifamily (+3.2% to $18.4 billion in Q1 2025) and office (+2.8% to $10.8 billion in Q1 2025)
- ◦Sale/Acquisition
