Avison Young：2025年第三季度美国房地产投资销售市场报告（英文版）（16页）.pdf

1、Page 1U.S.investment sales report|Q3 2025Source:Avison Young Market Intelligence,Real Capital AnalyticsU.S.investment sales reportQ3 2025Page 2U.S.investment sales report|Q3 2025Source:Avison Young Market Intelligence,Real Capital AnalyticsAccounting for 36.1%of total dollar volume in the first thre

2、e quarters of the year,the top 12 markets continue to be primary drivers of the U.S.investment sales market.This report provides a snapshot for each of those 12 markets.U.S.investment sales reportQ3 2025$456B$577B$399B$757B$648B$368B$391B$410B$0$200$400$600$80020182019202020212022202320242025(Annual

3、ized)MultifamilyDevelopmentIndustrialOfficeRetailTotal U.S.dollar volume by asset classBillions29,944 33,260 25,988 42,462 38,516 24,828 25,167 27,459 010,00020,00030,00040,00050,00020182019202020212022202320242025(Annualized)MultifamilyDevelopmentIndustrialOfficeRetailTotal U.S.number of sales by a

4、sset class#of sales$17.9B$14.0B$13.3B$13.1B$9.9B$8.1B$7.9B$7.4B$6.0B$4.9B$4.5B$3.8B8207231,015735546318626466343294180227020040060080010001200$0$2$4$6$8$10$12$14$16$18$20DallasNew YorkLos AngelesSan Francisco/BayAreaPhoenixWashington,D.C.ChicagoAtlantaMiamiDenverAustinCharlotteBillionsTop 12 volume

5、and sales by market-YTD 2025Dollar volume#of salesTop 12 marketsVolumeSale CountYTD 2025$110.7B6,293Change from YTD 2024 12.4%10.4%U.S.investment salesThe U.S.investment sales market recorded 20,594 transactions totaling$307.2 billion in dollar volume through the first three quarters of 2025.When an

6、nualized,2025 is on pace for a 9.1%increase in transaction count and a 4.8%increase in dollar volume compared to 2024.Strong Q3 performance has pushed 2025 projections to surpass last years totals.With Q4 historically delivering peak sales,this continued at the end of the year suggests a promising f