REPORTS AND WHITEPAPERS

CRE in 2025: A data-driven check on industry sentiment

How early 2025 sentiment aligns with actual performance, and what that means for strategy, fundraising, and investor engagement in the months ahead.

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Discover how real market data compares to mid-year sentiment and what it reveals about CRE strategy in 2025.

Earlier this year, Agora released the 2025 Real estate market sentiment report, capturing how 200+ CRE professionals viewed the market. Now, we’ve taken that sentiment a step further by comparing it with Agora’s proprietary mid-year data to see how those expectations are playing out in practice.

CRE in 2025: A data-driven check on industry sentiment provides a side-by-side look at sentiment versus reality. The findings reveal how firms are adjusting strategy, capital allocation, and investor communication as the year unfolds—and what’s actually driving market activity in 2025.

Top insights from Agora’s data

  • The Southeast exceeded expectations, accounting for 66% of projects in Q2 2025, well above early-year forecasts

  • Multifamily continues to outperform sentiment, capturing 67.6% of total capital in Q1

  • The Southwest’s capital share grew 10.6% year over year, aligning with its optimistic sentiment outlook

  • Fundraising conditions remain tougher than anticipated, particularly in the West and Northeast

  • Interest in mixed-use remains strong, but actual deal volume lags sentiment projections

  • The report highlights where market confidence translated into results and where it fell short