CRE Performance Rises in Southeast: Top 3 Bottom 3 Metros 1Q 2025

California’s commercial real estate (CRE) outlook is not particularly sunny, considering that all of the bottom markets in our most recent analysis hail from the state. SitusAMC’s Top 3 Bottom 3 Metros proprietary analysis is based on the weighted average of NCREIF Classic NPI total returns across the main CRE sectors in 1Q 2025. We include markets with $5 billion or more in total market value.  

Explore all of the winning and losing metros in our slideshow below. (Click the link below for a full-screen version.)  

SitusAMC Insights offers automated tear sheets, which provide brief but comprehensive commentary on economics, demographics, property type fundamentals and forecasts at the market and submarket level, as well as RERC and other capital markets data.  Contact Peter Muoio, PhD, Senior Director of SitusAMC Insights, at petermuoio@situsamc.com for more information. To explore all SitusAMC’s research and data offerings, visit our website.