By Real Capital Analytics on August 6th, 2020
Worldwide sales of commercial property slumped in the second quarter of 2020 to the lowest level since the Global Financial Crisis, the latest edition of Global Capital Trends shows.
Transactions of office, industrial, retail, apartment, hotel and seniors housing properties dropped 51% compared to Q2 2019 as the coronavirus pandemic slammed economies, skewered normal ways of doing business and cast a shadow on future demand for some property types.
There were pockets of strength, however. Transaction activity in China rebounded in the second quarter, as shown in the new edition of Asia Pacific Capital Trends, also released this week. Apartment sector megadeals got to the finish line in Germany, the U.K., Japan and Australia.
For the first half of the year, only the industrial sector showed growth in deal volume compared to the same period in 2019. That increase was largely due to two bumper logistics deals in the U.S. during the first quarter.
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