2025 Broker Rankings: Special Supplement

Real Estate Alert’s Year-End Broker Rankings Supplement for property sales of $5 million to 25 million is out now. Download your copy to find out which U.S. brokerages and investment banks were most active in 2025.

Sales of properties valued at $5 million to $25 million rose 11.0% last year, a modest recovery that lagged the broader rebound in larger investment sales for the second consecutive year. Smaller deals totalled $111.96 billion in 2025, up from $100.89 billion a year earlier, according to Green Street’s Sales Comps Database. By comparison, sales of $25 million and above across the office, multifamily, industrial, retail, hotel and niche sectors rose 21.3%.

Unlike institutional trades, however, that growth didn’t extend across all sectors. Office, industrial, and multifamily sales increased, while retail deals posted only a slight gain and hotel transactions declined.  

According to the supplement, the growth in smaller sales in 2025 was driven entirely by brokered activity, as transactions involving sell-side advisors rose 27.4% year over year, to $68.68 billion from $53.90 billion. At the same time, the volume of unbrokered deals fell 7.9%, to $43.28 billion from $46.99 billion – muting overall market gains.