Share of commercial property investments in the U.S. 2020-2024, by asset class
Multifamily residential real estate comprised more than one-third of the capital allocated to commercial real estate in the United States in 2024. Despite the U.S. commercial real estate investment market cooling, multifamily investment grew in 2024, resulting in an increase in the market share. Offices also saw a rising market share, while industrial, retail, and hotels saw a decline.