Europe Capital Trends: A Stalled Rebound in Commercial Property
Preview
Europe’s commercial-property market endured another slow period of deal activity in the third quarter of 2025 as persistent uncertainty and economic question marks kept investors in cautious mode. Some bright spots in the market have emerged, however.
Highlights:
- Investment in European commercial property remained stunted by economic and geopolitical uncertainty in the third quarter of 2025, as sales volume hovered near a decade low.
- Reasons for optimism ahead include the volume of deals in contract, stabilizing asset prices and growth in market rental values. Deal activity has also improved in segments such as London offices and European malls.
- Data centers continue to attract investors, with an estimated EUR 50 billion in projects underway, dwarfing the EUR 11 billion of acquisitions of existing assets since the start of 2024.
Source: MSCI Real Capital Analytics
Read the full paper
Provide your information for instant access to our research papers.
MSCI Real Estate Market Size
Our analysis of the professionally managed real-estate universe provides a deeper understanding of the relative size of markets in 2024 and the universe’s composition by property and investment type.
The New Drivers of Infrastructure Performance
Airports and transport assets, once the pillars of infrastructure returns, have receded in influence as segments tied to the energy transition and digitalization hold greater sway.
The content of this page is for informational purposes only and is intended for institutional professionals with the analytical resources and tools necessary to interpret any performance information. Nothing herein is intended to recommend any product, tool or service. For all references to laws, rules or regulations, please note that the information is provided “as is” and does not constitute legal advice or any binding interpretation. Any approach to comply with regulatory or policy initiatives should be discussed with your own legal counsel and/or the relevant competent authority, as needed.