Commercial real estate dealmaking is upholding momentum with transaction activity and financing volumes both trending upward, as investors and lenders have adjusted to a higher-interest rate environment.
The market recovery began in 2024 and has continued to intensify despite ongoing geopolitical uncertainty and expectations for relatively steady interest rates , according to Danny Finkle, executive managing director and co-head of JLL Capital Markets’ national investment advisory platform, and Danny Kaufman, senior managing director and co-head of the firm’s national debt advisory platform, in an interview with IREI.
“Direct transaction volumes in the United States increased 18 percent between 2024 and 2025,” Finkle said. “We saw an acceleration of that trend through year-end 2025 and have continued growth in our investment sales pipeline in 2026.”
Buyers and sellers are more aligned on pricing and outlook. “These overall increases in investment a
