Despite global uncertainty and divergent regional trends, the United States stands out as a preferred destination for real-estate investment in 2025 and beyond. Survey data from major advisory firms show that global capital considers the U.S. market a top choice, especially when compared with Europe or Asia-Pacific regions where headwinds remain more acute.
In the Americas, commercial property transactions have been recovering, with activity up around 12 percent year-over-year through mid-2025. By contrast, Europe saw a decline of about 15 percent and Asia-Pacific about 27 percent in the same period. U.S. outbound capital remains strong, supported by large pools of dry powder and regulatory changes that may unlock segments like retirement-account investments into private markets.
Perhaps more importantly, among surveyed global investment executives, over half selected the U.S. as the most attractive geography for real-estate deployment in the near term. The reasons include familiar legal frameworks, size of the market, infrastructure-led real-estate demand and diversified use cases including living, logistics and data-centres. Tax proposals and regulatory reforms in the U.S. are being closely watched for their potential to further catalyse investment flows.
Yet it is not without challenges. Debt markets remain tight, interest rates high, and supply-side pressures persist — especially in asset types where competition is fierce. Vacancy rates in some sectors are still elevated and the rise in construction and materials costs adds complexity. Investors are therefore placing a premium on sectors with strong fundamentals, minimal obsolescence risk, and tenant demand driven by secular trends.
For international capital, the strategy appears to be: lean into the U.S. where relative advantage is clear, while remaining cautious elsewhere. The U.S. real-estate story may benefit from a dual function — a home base for large institutions and a diversifier for global portfolios. In a world of heightened macro risk and uneven recovery, that position carries weight.
In conclusion, despite global turbulence, the U.S. real-estate market is emerging as a focal point of investment energy. The question for investors is less whether to invest in real estate, and more how to pick sector and geography with care in a changing world.
