Asia Pacific commercial real estate investment volume dropped by 19 percent quarter-on-quarter but increased by 15 percent year-on-year to $31.2 billion in second quarter 2025, as the second quarter was affected by global trade tariff uncertainty, according to CBRE.
Retail investment showed the strongest performance this quarter, increasing by 58 percent quarter-over-quarter. Mainland China recorded the highest investment volumes in Asia Pacific during the second quarter 2025, followed by Japan.
“Momentum in investment activity is building in Asia Pacific, with debt costs continuing to fall and positive carry returning to most markets. Activity is expected to remain strong in the second half of the year,” said Greg Hyland, head of capital markets, Asia Pacific, CBRE.
“Despite occupier sentiment turning cautious in second quarter amid macroeconomic uncertainty, demand for CBD office space and prime retail locations across Asia Pacific remains robust, demon
