RCA Insights

Chart: Office Sector Cedes Share of Global CRE

By on February 2nd, 2021

The industrial sector has augmented its share of commercial property deal activity in 2020, a trend well documented by Real Capital Analytics on RCA Insights in recent months. The apartment sector, too, has increased its dominance of the commercial real estate universe in the Americas, and gained traction in Asia Pacific and Europe, the Middle East and Africa (EMEA).

The office sector, meanwhile, has ceded ground as the global health crisis raised questions about demand for traditional office work arrangements. In the Americas the sector’s share of deal volume dropped to 23% in 2020, slipping below that of the industrial sector for the first time. In Asia Pacific the share edged down to 48%. In EMEA the portion dropped to 39% from 44% in 2019, dipping below the combined share of apartment and industrial sales activity — another milestone.

shares of commercial real estate activity by sector across regions

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Real Capital Analytics examines these trends and more in the upcoming editions of Asia Pacific Capital Trends (February 3) and Global Capital Trends (February 4) . RCA clients should <<click here>> to download these reports and associated data files. Not yet an RCA client? Contact us to learn more. 
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Simon Mallinson

Executive Managing Director, EMEA & APAC
smallinson@rcanalytics.com

Based in London, Simon Mallinson joined Real Capital Analytics in January 2013. Simon has board level responsibility for EMEA and APAC, with a particular passion for the continued development of RCA’s industry-leading client service and capital markets analytics.

Previously, Simon was Senior Director leading European Research at Invesco Real Estate. Prior to Invesco, Simon held a number of roles with IPD (now part of MSCI) in London and the United States. As Head of US Services, based in Chicago, he established IPD’s first North American office.

Simon is a Board Member of US association NCREIF, a member of RICS and is active across a number of other global real estate associations. He holds degrees from both Leeds and Manchester University, UK. Simon has set foot in 48 U.S. states and is looking for an excuse to visit Maine and Alaska.