RCA Insights

Global Volume at Second Highest Level Since GFC

By on February 8th, 2019

Commercial real estate sales worldwide touched the second highest level since the Global Financial Crisis in 2018, the new edition of Global Capital Trends shows. A jump in activity in the U.S., the world’s largest market, helped nudge up global acquisitions of income-producing property by 3% compared with 2017.

Across the top 20 largest commercial real markets, only a handful grew in 2018, including Hong Kong and South Korea, which both hit record activity levels. Japan and China both slipped, as did Germany, the U.K. and France. Australia’s annual volume fell compared with the prior year, but fourth quarter volume improved.

The industrial sector came out strongly again in 2018, reaching a new record of $147 billion in sales. Large cross-border entity-level deals were a key trend of the year, while the largest single asset deal was the $5 billion sale of The Center in Hong Kong.

1902 GCT overview momentum MAIN_v2_300-01

If you are a current RCA subscriber, log into your account to download the Global Capital Trends 2018 Year in Review report and data file. RCA’s next report on global commercial real estate prices will be published Feb. 14. Not yet an RCA client? Contact us

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.