Global Commercial Property Investment Flattens in 2019

According to new report from CBRE, global commercial real estate investment volume, including entity-level deals, rose by 7% quarter-over-quarter but fell by 2% year-over-year in Q3 2019.

Year-to-date volume was down by 5% from the same period last year. On a regional level, APAC reported an impressive 49% year-over-year increase in Q3 that offset the sluggishness in H1 and lifted year-to-date growth to 6%. The Americas and EMEA recorded a relatively soft third quarter due to political uncertainty, low yields and some recession fears.

Richard Barkham, CBRE’s Global Chief Economist & Head of Americas Research comments, “CBRE’s full-year outlook for global commercial real estate investment is for a single-digit percentage point decline from 2018’s record level. Despite uncertainties over Brexit and multiple trade disputes, a major downturn has been kept at bay by lower interest rates, tight labor markets and confident consumers. The trend of fewer mega-deals will likely continue into 2020 until business sentiment picks up.”

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