US CRE pricing hits records as transaction patterns diverge
11 June 2026
Commercial real estate just hit an all-time high at $129 per square foot median price, however the pricing records mask stark divergences in property transaction patterns; Multifamily buildings are 23% smaller than 2019 yet selling for record prices. Older stock is outpricing newer product. Deal sizes are hitting all-time highs while building sizes shrink. The team breaks down the Q1 2026 Investment and Transactions Quarterly report to surface these inversions, and why CRE pricing showed surprising resilience through Q1’s macro shocks.
Resources mentioned
US CRE Investment and Transactions Quarterly Report – Q1 2026
Chapters
01:31 What is the US CRE Investment and Transactions Quarterly report?
03:05 National activity trends
04:58 Deal size and property age
07:01 Pricing headlines by sector
12:05 Subtype pricing winners and losers
17:14 Pricing by property vintage
22:09 Building size and deal size records
26:34 Large deal share by sector
32:34 Key surprises and takeaways
35:35 Inflation-adjusted deal analysis
38:57 Where to find the report
Your hosts
Omar Eltorai
Senior Director of Research
Altus Group
Cole Perry
Associate Director of Research
Altus Group
Resources
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