Commercial real estate investment in Asia Pacific (APAC) increased 15 percent year-over-year in second quarter 2025 to $31.2 billion, according to JLL. For the first half 2025, investment volumes totaled $67.6 billion, up 17 percent compared to the same period last year, despite cautious sentiment and extended due diligence due to ongoing economic uncertainty.
In second quarter 2025, South Korea saw the highest year-on-year growth in Asia Pacific at 72 percent (first half: 64 percent), at $6 billion of investment in second quarter (first half: $12.8 billion). This spike in growth was driven by offices, which accounted for 77 percent of total market volumes, reflecting sellers’ preference to divest before central business district oversupply materializes. Several hotels also transacted as sellers capitalized on improved operating performance to secure premium pricing.
Japan continued to be the region’s strongest performing market, posting $7.6 billion in commercial
