Asia-Pacific commercial real estate investment volumes reached US$63.8 billion in the third quarter of 2025, marking the highest level on record and a 56.8% increase on the same period last year, according to Knight Frank’s Q3 2025 Capital Markets Insights

released.

The growth in activity nearly doubled the volumes recorded in Q2. This was driven by several major entity-level transactions and the completion of deals that had been delayed by extended due diligence periods.

Christine Li, Head of Research, Asia-Pacific, Knight Frank, said, “Q3 2025’s record US$63.8 billion transaction volume marks a genuine market revival in Asia-Pacific, driven by policy clarity and capital rate stabilisation. Investors are shifting from cap rate compression strategies to external factors such as active

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