
RCA Reports Global Investment Holds Steady
Investors in the U.S. cautiously came off the sidelines during H1 2018, while European activity slowed during that period. Research by Real Capital Analytics (RCA) shows Asia Pacific investment increased in Q1, but remained steady in Q2.
RCA’s Global Capital Trends report reveals total global transactions of income-producing commercial real estate remained at the same level as a year prior. RCA’s Simon Mallinson wrote, “Overall global investment grew by 7% compared to Q2 2017. Income-producing assets dropped 3% for the quarter, while development sites increased 21% year-over-year.”
Other findings of the report included:
- Retail sector increased for the first time in five quarters, primarily as a result of Unibail’s acquisition of Westfield’s portfolio
- Retail growth remained negative for the first half of 2018
- Industrial volume grew 3% year-over-year in Q2, and 25% year-over-year in H1
- Hong Kong activity surprisingly grew 89% in H1, compared to the same period a year prior
- Amongst top five markets, only San Francisco saw a decrease in activity in H1 2018 year, compared to H1 2017.
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