CRE This Week Economic Print
Q3 2024 - Last Updated November 2024

US commercial real estate investment sales - markets

Overview


Sourced from the Q4 2024 US CRE Investment and Transaction Quarterly report, the following sortable table provides pricing metrics across ten major metropolitan statistical areas (MSAs).


Property sector pricing by major MSAs


Sourced from the Q4 2024 US CRE Investment and Transaction Quarterly report, the following sortable table provides pricing metrics across ten major metropolitan statistical areas (MSAs).

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MSA
Industrial - 2024 ($/SF)
Industrial - Change from 2023
Office - 2024 ($/SF)
Office - Change from 2023
Multifamily - 2024 ($/SF)
Multifamily - Change from 2023
Retail - 2024 ($/SF)
Retail - Change from 2023
New York-Newark-Jersey City, NY-NJ$250 9%$172 7%$271 15%$252 8%
Los Angeles-Long Beach-Anaheim, CA$288 -6%$305 -8%$314 -1%$347 20%
Chicago-Naperville-Elgin, IL-IN$88 9%$109 18%$96 6%$112 7%
Dallas-Fort Worth-Arlington, TX$125 -2%$136 2%$169 2%$165 -4%
Houston-Pasadena-The Woodlands, TX$96 14%$90 -8%$133 16%$137 -14%
Washington-Arlington-Alexandria, DC-VA-MD-WV$200 2%$245 35%$160 12%$214 -25%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD$99 17%$142 28%$128 8%$118 30%
Miami-Fort Lauderdale-West Palm Beach, FL$221 -1%$259 -1%$247 18%$318 8%
Atlanta-Sandy Springs-Roswell, GA$103 15%$145 29%$147 21%$182 18%
Phoenix-Mesa-Chandler, AZ$152 14%$212 -17%$148 12%$200 -8%

Explore more commercial real estate transaction activity data

National activity

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Pricing and pacing

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Property sectors

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AGL - US CRE Investment Report Background

Q4 2024


US CRE Investment & Transactions Quarterly Report


Looking for the latest data on US commercial real estate transaction activity? This quarterly report is one of the industry’s earliest and most detailed insights into national and MSA-level transaction volumes, pricing, and property-sector trends.

About the authors

Cole Perry's Profile
Cole Perry

Associate Director of Research

Altus Group

Altus Research

CRE Exchange Podcast

Cole Perry is a Associate Director of Research with Altus Group's Research team. In this role, Cole delivers key insights into macroeconomics, capital markets, and the broader commercial real estate sector.

Cole boasts a rich background in Commercial Real Estate analytics with previous roles at CompStak and Brixmor Property Group. He holds dual M.S. degrees from Columbia University in Urban Planning and Real Estate Development.

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People - Omar Eltorai's Profile
Omar Eltorai

Research Director

Altus Group

Altus Research

CRE Exchange Podcast

Omar Eltorai is a Research Director at Altus Group. With more than a decade of experience in the industry in investment management and financing roles,

Omar's focus is on macro, capital and market trends affecting the US CRE market. Beyond regularly authoring articles and reports, his commentary and analysis has been featured in various media publications, including: Wall Street Journal, Globe Street, and Yahoo! Finance.

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