By Tom Leahy on October 2nd, 2019
Liquidity is falling in more commercial real estate markets globally than it is growing for the second quarter in a row, the latest edition of the RCA Capital Liquidity Scores shows. The scores at midyear 2019 show a sharp division in the geographical distribution of the trend, however.
In the U.S., liquidity levels have grown due to elevated volumes through midyear and an increase in the buyer count. This trend is marked in the smaller markets, where increased interest from the major market makers and cross-border players has driven up liquidity.
In Europe, by contrast, the market has slowed in the first half of 2019 in response to political concerns, Germany’s lackluster economic growth and high prices in some core markets. Central London’s liquidity score dropped to the lowest level since 2009. In Asia Pacific, liquidity in Hong Kong, Australia’s core markets and all Japanese markets except Osaka declined.
If you are a Real Capital Analytics client you can access the latest RCA Capital Liquidity Scores report and data file on the RCA website. Readers who aren’t yet RCA clients can learn more about the advantages of RCA data, tools and reports by contacting us.
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