Liquidity Declines Y-O-Y in Most Global CRE Markets
Commercial property market liquidity as 2020 ended was below year-ago levels in 126 out of 155 markets worldwide, Real Capital Analytics reported. The count of markets with scores falling on an annual basis was the highest since the end of 2009, during the Global Financial Crisis.
However, RCA sees signs of optimism. In 35 of the global markets tracked, the scores improved from the third quarter into Q4. And while liquidity shrank in 2020, levels are still well above those seen during the GFC.
RCA’s latest Capital Liquidity Scores report also shows that Central Paris retained its position as the most liquid market in the world as of Q4, while Central London placed at #11 in the ranks. Manhattan’s score dropped below that of Boston for the first time, while in Asia, Hong Kong’s score improved from between Q3 and Q4.
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).
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