80+ Commercial Real Estate Statistics: Market in Motion (2025)

We’ve compiled over 80 essential commercial real estate statistics to give you a data-driven overview of the market in 2025. 

Drawing from REsimpli’s market survey and trusted industry sources these statistics cover market performance, office trends, industrial growth, retail developments, multifamily housing, investment metrics, emerging sectors, and regional analyses.

Top Commercial Real Estate Statistics (Editor’s Pick)

The commercial real estate landscape is experiencing unprecedented changes across all major sectors. These key statistics highlight the most significant trends and developments shaping the industry, from market performance to emerging opportunities.

• 88% of the 880 CRE executives surveyed expect their companies’ revenues to increase in 2025
• The commercial real estate revenue declined at a CAGR of 1.4% to $1.2 trillion over the past five years
• 15.08% believe the commercial market will experience the most disruption under Trump
• 21.25% of real estate professionals believe the commercial market will experience growth under Trump
• 7.96% of real estate professionals believe the LA commercial market will be the most affected due to the LA fires
• Office space availability in the U.S. was measured at 16.4% in Q2 2024
• Industrial construction starts totaled 236 million square feet in 2024
• E-commerce-related industrial leasing accounted for 35% of all new industrial space leases
• Retail foot traffic has declined by 12% year-over-year
• Approximately $600 billion in loans are maturing annually through 2028, totaling $2.3 trillion
• The student housing sector had 49% of beds pre-leased for the 2024 academic year

Market Overview & General Performance

The commercial real estate market provides vital insights into economic health and investment trends. These statistics highlight key market indicators, from transaction volumes and valuations to industry sentiment and digital transformation, revealing both current challenges and future opportunities.

• The total dollar volume of commercial real estate transactions was $647 billion in 2023, down from $1.14 trillion in 2022
• Commercial real estate property values are down 7% in the past 12 months, and 20% over a two-year period
• Global commercial real estate investment volume declined by 47% in 2023 compared to 2022
• The commercial real estate market size in the U.S. reached $1.2 trillion per revenue in 2022
• The commercial real estate revenue declined at a CAGR of 1.4% to $1.2 trillion over the past five years
• 88% of the 880 CRE executives surveyed expect their companies’ revenues to increase in 2025
• 15.08% believe the commercial market will experience the most disruption under Trump
• 21.25% of real estate professionals believe the commercial market will experience growth under Trump
• 7.96% of real estate professionals believe the LA commercial market will be the most affected due to the LA fires
• Global dry powder of $382 billion is waiting to be deployed into the real estate market
• The CRE industry grew from ~$821 billion in 2011 to $1.16 trillion in 2019
• 90% of millionaires are wealthy as a result of their investments in real estate
• Over 90% of real estate transactions now include some digital component

Sources: REsimpli, IBIS World, The College Investor, Door Loop, The Motley Fool, U.S. News, Cushman & Wakefield, Green Street, 

Office Sector Performance

The office sector continues to navigate significant changes in workplace culture and employee preferences. These statistics reveal the ongoing impact of hybrid work models on office valuations, vacancy rates, and construction trends, while also highlighting the growing adoption of flexible workspace solutions.

• Office real estate values declined by 14% over the last 12 months
• San Francisco’s office vacancy rate reached 22.65% in Q2 2024
• Office space availability in the U.S. was measured at 16.4% in Q2 2024
• Office leasing activity remains 30% below pre-pandemic levels
• Office sector had the highest vacancy rate and the lowest rent growth at 0.7%
• Office vacancy rates in major U.S. cities have increased to 18.2% in 2023
• Manhattan office occupancy hit 52% by December 2023
• The construction pipeline for new office developments is down 20% year-over-year
• Flexible office space adoption has risen by 14% among large enterprises
• Gateway market office rents were 51.5% higher than other office spaces 

Sources: REsimpli, Green Street, Coworking Cafe, Dealpath, Metro Manhattan, The Motley Fool, NAR

Industrial & Logistics Sector

The industrial and logistics sector serves as a vital indicator of both economic health and e-commerce evolution. These statistics illuminate the current state of industrial real estate development and rental trends, showing how changing business demands are reshaping the commercial property landscape.

• Industrial real estate rent growth was 4.7% over the last 12 months
• The U.S. industrial vacancy rate rose from 1.7% to 6.4% over the past 12 months
• National industrial in-place rents averaged $8.30 per square foot in December
• Industrial rents increased by 6.6% over the past 12 months
• Industrial construction starts totaled 236 million square feet in 2024
• Phoenix led the nation in industrial development with a 22.4-million-square-foot pipeline
• The national industrial vacancy rate was 8% in December
• Industrial property rent growth remains strongest in logistics hubs like Dallas, Atlanta, and Los Angeles
• E-commerce-related industrial leasing accounted for 35% of all new industrial space leases
• The industrial real estate demand is projected to increase from 850 million square feet to 14.8 billion square feet by 2023

Sources: DoorLoop, CBRE, CommercialEdge, The Motley Fool

Retail & Hospitality Sector

The retail and hospitality sectors serve as key indicators of consumer behavior and economic health. These statistics showcase the evolving dynamics between physical and digital retail spaces, revealing how different retail formats are adapting to changing market conditions.

• Retail properties have the lowest vacancy rate of any commercial real estate sector at 4.1%
• Malls have the highest vacancy rate among retail properties at 8.6%
• Hotel occupancy rates were 63% in April 2024
• Retail foot traffic in suburban areas has increased by 12% since 2022
• Retail growth was 3.2% due to tight market conditions and limited supply
• Retail foot traffic has declined by 12% year-over-year
• The hospitality sector reported a 9% increase in revenue per available room (RevPAR)
• Urban retail vacancy rates reached 10.4% in Q4 2023
• Grocery-anchored retail continues to outperform other retail segments
• E-commerce is expected to account for 23% of retail sales by 2027

Sources: Dealpath, City Guide NYC, The Motley Fool, Metro Manhattan, NAR

Multifamily & Residential

The multifamily sector represents a crucial intersection of housing demand, investment opportunity, and economic indicators. These statistics detail current trends in rental rates, occupancy levels, and institutional investment patterns, illustrating how market dynamics are impacting both property values and development activity across the residential sector.

• Multifamily property vacancy rates reached 7.8%, the highest in a decade
• Multifamily rent growth was only 1% from April 2023 to April 2024
• Apartment property values fell by 26% from their peak
• Multifamily construction is projected to slow down in 2024
• The number of multifamily homes in the U.S. is projected to reach 155.25 million by 2023
• Multifamily rental prices grew by 3.1% in Q3 2023
• Cap rates for multifamily properties remain at historical lows, averaging ~4.2% nationwide
• The multifamily sector saw a 5% year-over-year increase in occupancy rates
• Institutional investors now own over 17% of rental properties in major US cities
• Multifamily rental properties had an occupancy rate of ~95% in 2022 

Sources: NAR, Door Loop, Harvard Joint Center for Housing Studies, Marcus & Millichap, Green Street, CBRE, Metro Manhattan

Financial & Investment Metrics

The financial metrics of commercial real estate serve as vital indicators of market health and investment performance. These statistics showcase current valuations, investment flows, and lending patterns, revealing how market conditions are reshaping the investment landscape.

• The Green Street Commercial Property Price Index recorded a 24% decline in core commercial real estate values
• CRE valuations dropped by an average of 42%
• Global closed-end fundraising declined 34% to $125B
• CBRE Cap Rate Survey showed an increase from 6.4% to 7%
• Approximately $600 billion in loans are maturing annually through 2028, totaling $2.3 trillion
• Foreign investment in U.S. commercial real estate topped $53 billion in 2022
• Real estate investment trusts (REITs) saw an average return of 8.2% in 2023
• Commercial real estate normally yields annual returns between 6% and 12%
• CRE loan origination was down 25% YoY
• Foreign investment in U.S. commercial properties dropped by 11% year-over-year 

Sources: REsimpli, Dealpath, Green Street, Bloomberg, Real Capital Analytics, Tolj Commercial

Emerging Sectors & Trends

Emerging sectors and specialized property types are increasingly shaping the future of commercial real estate. These statistics highlight the growth of alternative asset classes and technological adoption, showing how evolving societal needs and sustainability concerns are creating new opportunities in the commercial property market.

• The life sciences sector saw average asking rents increase by 4.1%
• Senior housing rent growth hit 6%
• Data center real estate demand has surged by 8.9%
• Green-certified buildings now make up 22% of new commercial developments
• Proptech investment reached $13.5 billion in 2022
• The digital economy, cloud computing, and AI are major drivers of CRE trends
• 56% of Deloitte survey respondents indicated that the pandemic exposed digital shortcomings
• Self-storage facilities have experienced a 6.3% increase in rental rates
• The student housing sector had 49% of beds pre-leased for the 2024 academic year
• Green real estate investment is increasing, driven by the demand for sustainable buildings

Sources: U.S. News, Dealpath, Metro Manhattan, Center for Real Estate Technology & Innovation

Regional Market Analysis

• The top 10 metros for real estate investment include Austin, Dallas, Nashville, Atlanta, and Phoenix
• Dallas and Houston, Texas had a higher than 29% vacancy rate in the first quarter of 2022
• The vacancy rate in Tucson, Arizona’s office sector decreased from 10.6% to 9.8%
• Orange County had the lowest vacancy rate nationwide at 4.2%
• New Jersey saw the fastest industrial rent growth at 9.8% year-over-year
• Miami had the largest spread between new leases and the market average
• The cap rate for office properties in Chicago is 7.5%
• The asking rent for office space in Chicago is $29.16 per square foot
• The total industrial inventory in Chicago is 1,210,372,679 square feet
• Kansas City had one of the slowest rent increases at 2% year-over-year 

Sources: REsimpli, CommercialEdge, Cushman & Wakefield, 33 Realty, Door Loop

Conclusion

The 2025 commercial real estate market reveals traditional sectors facing challenges while emerging segments like data centers and sustainable buildings show strong growth. This transformation signals a fundamental shift in commercial property utilization. Technology and sustainability will drive the industry’s evolution going forward.