Commercial Real Estate Transactions Slow, But Office and Open-Air Retail Sectors Shine The commercial real estate (CRE) market in 2025 is experiencing a slowdown, with transaction volumes and deal values significantly below pre-COVID levels. New data from Moody’s shows a modest 5% increase in the dollar value of commercial deals in the third quarter compared to last year, signaling a noticeable slowdown from the post-pandemic recovery period. One of the most significant trends in the current CRE