RCA Insights

Chart: Top Global Real Estate Markets

By on November 12th, 2018

New York has cemented its position as the largest global metro market for commercial real estate in 2018 so far. Transactions of income-producing assets in the New York metro increased 32% in the first nine months versus the same period last year, following a rebound in the office and hotel sectors.

1811 Top Global Markets COTW_v3_72-01

London kept its number three position in the ranking, with 4% year-over-year growth in volume. Despite recording an 18% increase in activity for the year to date, Paris dropped down the rankings to the number 10 spot from the number four position in 2017.

Hong Kong jumped to the global fourth spot for the year to date, from eighth in 2017 and 15th in 2016. Seoul was one of the biggest movers, debuting in the global top 10 at number nine. Tokyo went in the opposite direction, falling out of the top 10 for the first time.

Investors continue to focus on key global gateway markets. The top five metros accounted for over 20% of income-producing asset volume in the first three quarters of 2018.

This data first appeared in RCA’s Global Capital Trends report, published Nov. 7. Interested to learn more about RCA’s global transaction data? It’s easy to ask for information.

Simon Mallinson

Executive Managing Director, EMEA & APAC

Simon Mallinson joined Real Capital Analytics in January 2013. Based in London, 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.