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.
- ◦Sale/Acquisition