Israel jumps to No. 8 in US commercial real estate investment after $1B surge
Israel rose to eighth place among foreign investors in U.S. commercial real estate in 2025, according to a report by JLL obtained by ynet and Mamon. Israel also ranked 11th globally and 11th in Europe for outbound commercial real estate investment. The figures cover transactions outside Israel valued at $5 million or more.
After a record year in Europe in 2024, Israeli capital shifted strongly back to the U.S. in 2025, while Europe remained a major destination. Private capital was more active in the U.S., while institutional investors were more prominent in Europe.
Israeli investors put about $1.06 billion into U.S. commercial real estate in 2025, up from roughly $529 million in 2024. The 101% increase was the highest level of Israeli investment in the U.S. commercial property market since 2021.
The U.S. recorded the largest increase among destinations tracked in the report. Israeli investment rose from about $442 million in 2023 to $529 million in 2024, then surpassed $1 billion in 2025.
Israel ranked behind Canada, Japan, Sweden, Norway, Britain, Australia and France, but ahead of Singapore, Bahrain, South Korea, Switzerland, Taiwan, Spain and Germany.
In Europe, Israeli investment totaled about $1.93 billion in 2025, down from a record $2.44 billion in 2024 but well above the $1.15 billion invested in 2023. Israeli investors completed 50 European deals, including five worth more than $100 million. Britain remained the top destination, alongside the Netherlands, Spain, Germany and Poland.
Combined investment in Europe and the U.S. was nearly unchanged at $2.99 billion in 2025, compared with $2.97 billion in 2024, indicating a shift in allocation rather than a reduction in overseas activity.
The leading sectors were industrial and logistics ($885 million), offices ($853 million), hospitality ($601 million) and retail ($391 million).
Mor Ziv, head of real estate investment at JLL Israel, said Israeli investors now evaluate opportunities based on asset quality, financing structure, local partners, risk and long-term value creation.
She cited Menora Mivtachim’s investment of more than $50 million in a U.S. logistics real estate fund managed by Hillwood Investment Properties as an example of the growing sophistication of Israeli capital, combining an experienced institutional investor, a deep U.S. market, strong demand for logistics assets and an established local partner.
