Global Commercial Investment Dips 2 Percent Annually in 2019
WORLD PROPERTY JOURNAL | February 05, 2020
International property consultant CBRE is reporting this week that global commercial real estate investment volume in Q4 of 2019, including entity-level deals, was nearly level (-0.5%) with Q4 2018, while full-year volume fell by 2% from 2018. Regionally, EMEA had substantial investment activity in Q4 of 2019, up by 19% year-over-year and compensating for subdued activity in the previous three quarters. Americas investment volume fell by 6% year-over-year in Q4, while APAC saw a 27% decrease. Total Americas investment volume fell by 6% year-over-year in Q4, while full-year volume fell by 2% to $569 billion. However, excluding entity-level deals, the U.S. posted its best single-quarter volume in the past decade, increasing 11% year-over-year. Canada and Mexico investment also rebounded nicely in Q4. Softening in the region's total volume stemmed from an 86% reduction in U.S. entity-level transactions.