The seventh edition of DLA Piper's Year-End Real Estate Trends Report explores the key trends impacting commercial real estate transactions across the US, highlighting significant investments, market sentiments, and asset class performance throughout 2024 - and what may be to come in 2025.
In spring 2024, industry experts were "cautiously optimistic" about the commercial real estate market, and that sentiment continued through the remainder of 2024. As 2024 progressed, many of the world's largest and most sophisticated real estate investors stated their belief that the commercial real estate market was at or near the bottom, and a number of those companies made multibillion-dollar investments in the second half of last year.
As we head into 2025, many industry experts are predicting a continued increase in investment activity. For example, JPMorgan describes the overall outlook "positive" for the commercial real estate market, Deloitte suggested there will be "more clarity" in the year ahead and more opportunities for offense, and Marcus & Millichap CEO Hessam Nadji said investors may soon be shifting from fear of investing to fear of missing out.
The report is a closer look at the trends we identified.