National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
U.S. Lags Europe for Investment Sales Volume
As it did only once before in recent history, the U.S. took a back seat to Europe last quarter as the largest, most liquid region for commercial real estate deal activity. “Trends into July are not looking favorable for the U.S.,” writes Real Capital Analytics’ Jim Costello.
Previewing RCA’s latest U.S. Capital Trends report, Costello wrote that “the commercial real estate data suggests that there is less confidence in the U.S. at the moment.” The last time that occurred, and European volume regularly surpassed that of the U.S., was during the Global Financial Crisis.
“The U.S. housing market was the spark that set off that global economic downturn and confidence in the U.S. economy lagged for some time after that recession ended,” wrote Costello. Since then, aside from an entity-level transaction that pushed European deal activity ahead in late 2017, “the U.S. has been a larger investment market.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
