By Real Capital Analytics on February 7th, 2020
Global trading of income-producing commercial real estate assets dipped in 2019 compared to 2018, though it was still the fourth strongest year on record, the latest edition of Global Capital Trends shows.
Transaction activity in the U.S., the world’s largest property market, held at the same level as 2018. In the Asia Pacific region, total transaction volume was crimped by Hong Kong’s decline, and in Europe, the U.K. dragged down the aggregate transaction tally.
The New York metro area was again the world’s largest center for commercial real estate deal volume, despite an annual drop in activity. In the rankings of the most active global centers for 2019, Los Angeles was second, San Francisco moved into third position, Paris was fourth and London slipped to the fifth position.