MSCI Real Estate Market Size

Preview

Our annual analysis of the global professionally managed real-estate universe provides a deeper understanding of the relative size of 38 property markets around the world in 2025.

The report charts the market sizes and relative weights that underpin the MSCI Global Annual Property Index and a range of other multinational indexes, helping institutional investors map and balance their portfolios.

We also analyze the global market by property sector and by investment-vehicle type, delivering greater clarity on the composition of the professionally managed universe.

• Global commercial property managed by institutional investors for the purpose of investment returns rose to USD 13.5 trillion in 2025, marking the first increase in global market size since 2021. Much of the 8.5% expansion was due to currency impacts.
• The dominance of the U.S. market continued, with a size greater than the next four largest markets combined, but its weight in the overall universe edged down. Out of 38 markets in the study, 35 grew in 2025.
• The industrial sector, which in this analysis includes data-center properties, grew to a 20.5% share of the global market last year. Offices again ceded share while remaining the market’s most invested sector at 26.8%.