2025 Year-End DLA Piper Real Estate Trends Report

Welcome to the eighth edition of DLA Piper’s US Real Estate Trends Report. With one of the largest and most diversified real estate practices in the US, the firm’s Real Estate team advises on transactions of every scale in markets across the country, offering a key perspective on trends shaping the US commercial real estate market. 

Our report finds that, despite tariff changes, geopolitical shifts, interest rate uncertainty, and currency fluctuations, the commercial real estate sector remained resilient in 2025.

As we look ahead, many industry experts are predicting a continued increase in investment activity. Colliers projects that total US commercial real estate sales volume will grow by 15 to 20 percent this year; and, according to Knight Frank’s Active Capital survey, global institutions are planning to invest $114 billion in commercial real estate in 2026.

This report highlights the trends reflected in the real estate transactions and property management agreements we handled in 2025.

For more information, please contact Bryan Connolly.