Global CRE Investment Volume Rebounds to 2019 Levels
Global commercial real estate investment volume grew by 95% year-over-year in the third quarter to US$315 billion, bringing the year-to-date total to US$800 billion—up by 3% from the same period in 2019 and 44% YTD over 2020, CBRE reported.
In the Americas, investment volume surged by 152% Y-O-Y in Q3 and by 74% year-to-date, while EMEA and Asia-Pacific levels were on par with 2019.
Investor interest in multifamily, especially in the U.S., Germany and Sweden, significantly drove investment volume growth in Q3, reported CBRE. Industrial & logistics property acquisitions remained popular globally. Office and retail investment volumes are still recovering but the value resilience of high-quality assets suggests improving market conditions.
“With abundant liquidity and global bond yields low despite higher inflation, investors eagerly deployed capital to commercial real estate in Q3, putting 2021 on pace for record annual investment volume.” said Richard Barkham, global chief economist, CBRE.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).