Asia Pacific commercial real estate (CRE) investment volumes totaled $40.3 billion in fourth quarter 2025, marking a 15 percent year-over-year increase, according to new data from JLL. Full-year investment volumes in 2025 reached $147.6 billion, climbing 12 percent since 2024 – the strongest year since 2021 – capping a year of steady recovery against a turbulent macroeconomic and geopolitical backdrop.
Japan maintained its status as the region’s most active market, recording $9.8 billion in investment volumes in fourth quarter 2025, bringing the full-year total to $41.4 billion. While investment volumes were down 9 percent year-over-year in fourth quarter, they rose by 14 percent for full year 2025. Investment activity was supported by several high-profile sale-and-leaseback deals across office and industrial assets with higher industrial volumes due to more development project exits.
South Korea saw a surge in activity, with fourth quarter 2025 volumes of $7.
