CRE Investment Volume Posts 10% Year-Over-Year Increase
U.S. commercial real estate investment volume rose by 10% year-over-year in the second quarter of 2022 to $167 billion, CBRE said Monday. Nearly half of that volume was accounted for by multifamily, which increased 32% Y-O-Y to amass $78 billion in Q2 volume, followed by industrial & logistics with $32 billion and office with $24 billion.
On a trailing-four-quarter basis, New York was the top market with $67 billion in volume, up 104.3% Y-O-Y, followed by Los Angeles with $65 billion, up 61%. Houston led the way in terms of Y-O-Y growth at 150.2%., and also led in multifamily sales volume
Institutional investors were net buyers in Q2 2022, while private investors, REITs and cross-border investors were net sellers, reported CBRE. Inbound cross-border investment increased by 16% Y-O-Y in Q2 to $6.5 billion but volume was down by 9% from Q1, due to the strengthening U.S. dollar.