Asia Pacific Capital Trends: Renewed Optimism in Commercial Property

Research Paper
November 28, 2025

Preview

After a turbulent start to the year, Asia Pacific’s commercial-property markets rebounded in the third quarter of 2025. Lower financing costs, easing trade tensions and a new appetite for portfolio and entity-level deals bolstered the region’s recovery.

Highlights:

  • Commercial-property investment bounced back in the third quarter of 2025, reversing the dip in activity in the second quarter and growing by 25% from the year before.
  • Portfolio and entity-level deals — particularly in data centers, living sectors, Japan multifamily and Australian warehouses — have buttressed deal volume in the region this year.
  • Cross-border investment rose for the fifth consecutive quarter, with increased spending from both regional and global buyers. The share of cross-border activity in the quarter matched the 2019 record high.
Increased overseas investment in APAC by regional and global players 

Source: MSCI Real Capital Analytics 

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