RCA Insights

Chart: How Does Global Deal Flow in 2021 Measure Up?

By on September 13th, 2021

As we enter the latter stretches of 2021, we examine the pace of dealmaking across all three global zones — the Americas, Asia Pacific and EMEA — compared to the timeline of Covid’s eruption and 2019.

The recovery of commercial real estate investment versus 2020 is visible globally but there are signs of the recovery faltering, the Real Capital Analytics tally of average weekly transactions indicates.

— The American upturn has continued since late last year and at the end of Q1 2021 the activity level had surpassed that of 2019. Much of summer saw more than 200 deals on average per week, which exceeds the pace of dealmaking in 2019 and is more than twice the level of 2020.

— In EMEA, where the 2020 drop in income-producing property trades was less severe than in the Americas, the average number of deals closed each week came back to some sort of normal in February this year, at more than 100 transactions. However, the number was inferior to 2019 levels. As at mid-August, levels are still below 2019 averages, but Europe’s fourth quarter is typically the strongest of the year, historical trends show.

— APAC was the first region to climb back to its 2019 average investment levels. This return to around 55 deals per week could be seen at the end of 2020. However, there has since been a leveling off and recent deal averages sit below the 2019 pace at this time of year.

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