Investors are more optimistic about their prospects for capital commitments in 2025 compared with their actual commitments in 2024, according to the 2025 Institutional Real Estate Investor Trends, Institutional Real Estate, Inc’s annual survey of global investor sentiment. This marks the 29th year of the survey and its 12th year gathering responses from investors globally. For the first time this year, investor respondents were segmented by region for ease of comparison among regional perspectives.

A total of 153 investors participated in the survey, which was conducted between 19 November 2024 and 31 January 2025; respondents had a total of US$9.6 trillion in assets under management (AUM) and US$1.0 trillion in real estate AUM. The respondent pool was compared to an IREI.Q universe of global real estate investors and was found to represent approximately 40 percent of the cohort’s real estate AUM. There was a slight overrepresentation of respondents from the Amer