Asia Pacific Enjoying Record-Level Commercial Property Transaction Volumes in 2019

JLL | November 21, 2019

Asia Pacific Enjoying Record-Level Commercial Property Transaction Volumes in 2019
Based on new data from global real estate consultancy JLL reveals that Asia Pacific commercial real estate transaction volumes in the third quarter of 2019 have reached a record, bringing the year-to-date activity to a new high of $128 billion. Transaction volumes for the period July to September climbed 18 per cent year-on-year to $42 billion, representing the best third-quarter performance on record, according to JLL's most recent Global Capital Flows report. This represents a 10 per cent increase in volume versus 2018. Asia Pacific's performance in the first three quarters of the year is significantly better than the global average transaction volume growth of 1 per cent.

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Mirvac is a leading, diversified Australian property group, with an integrated development and asset management capability.