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Commercial real estate investment in Europe increased slightly in 2025. In 2024, the total commercial real estate investment volume was *** billion euros, which increased to ****billion in 2025. In 2025, the UK headed the ranking as the country with the largest value of commercial real estate investments, amounting to about **** billion euros. Germany followed, with an investment value of **** billion euros. 

Size of the commercial real estate market

The European commercial real estate market was estimated at almost ** trillion U.S. dollars in, with the UK, Germany, and France combined accounting for over half of the total market. One of the many ways to participate in the market is to invest in publicly listed companies. After the UK, Switzerland and Germany, Sweden had the largest market cap of listed real estate companies.

Leading commercial real estate companies

Real estate investment management firms are companies that manage real estate assets on behalf of their investors. Swiss Life Asset Managers, AXA IM - Real Assets, and PIMCO were the firms with the highest value of European assets under management in 2023.