CBRE Investment Management (CBRE IM) has released new research revealing that the value of transactions closed in the global real estate secondaries market reached a record high of approximately $24.3 billion in 2024 – a 3.8 percent increase from 2023.
The findings are based on CBRE IM’s proprietary Artificial Intelligence (AI)-enhanced data collection methodology. This methodology combines real-time transaction scraping, internal deal logs, and expanded definitions of secondaries to provide a more accurate and comprehensive view of market activity.
The more inclusive definition reflects the evolution of the real estate secondaries market, as general partners (GP) increasingly leverage this market for business and enterprise planning, further driving the market’s expansion.
The research highlights that:
GP-led secondaries accounted for 65 percent of total market activity ($15.8 billion), driven by liquidity needs
