ARLINGTON, Va. – 25 April 2025 – Europe is the only world region that showed a year-over-year decrease in overall pipeline activity at the end of the first quarter, according to CoStar’s March 2025 pipeline data. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Europe
- In construction: 173,961 rooms (+0.9%)
- Final Planning: 77,252 rooms (-22.6%)
- Planning: 176,295 rooms (+9.9%)
- Total Under Contract: 427,508 (-1.2%)
Germany leads Europe in total rooms in construction (26,117), closely followed by the United Kingdom (24,115).
Asia Pacific
- In construction: 533,937 rooms (+6.2%)
- Final Planning: 43,763 rooms (-60.2%)
- Planning: 389,767 rooms (+34.9%)
- Total Under Contract: 967,467 (+7.3%)
Among countries in the region, China (332,325) led in construction activity, followed by Vietnam (38,783) and India (38,228).
Middle East & Africa
- In construction: 103,038 rooms (-7.0%)
- Final Planning: 28,215 rooms (-22.0%)
- Planning: 97,813 rooms (+20.3%)
- Total Under Contract: 229,066 (+0.4%)
Most of the region’s pipeline activity is focused in the Middle East. Saudi Arabia (42,800) and the United Arab Emirates (16,019) have the most rooms in construction.
Americas
- In construction: 194,823 rooms (-5.4%)
- Final Planning: 306,396 rooms (+3.4%)
- Planning: 423,746 rooms (+11.9%)
- Total Under Contract: 924,965 (+5.0%)
The U.S. (144,760) holds the majority of rooms in construction in the region. After the U.S., Mexico (13,891), Canada (10,374) and Brazil (5,407) show the highest number of rooms in construction.
For more information about the company and its products and services, please visit costargroup.com.
News Media Contact
Haley Luther
Senior Communications Manager – STR
(216) 278-0627
hluther@str.com
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 134 million average monthly unique visitors in the fourth quarter of 2024, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.