By Simon Mallinson 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.
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.