By Real Capital Analytics on May 6th, 2021
Global commercial real estate market acquisitions fell at the start of 2021, the fourth consecutive quarter of declines induced by the pandemic, the latest edition of Global Capital Trends shows.
Sales across the major income-producing property types, such as office, industrial and apartment, dropped 24% year-over-year. The Asia Pacific region posted the shallowest decline in deal volume, down 12%, as sales activity of a year ago had already been bruised by the pandemic’s emergence. In Europe and North America, comparisons to a year prior are starker, with both regions posting a drop of around 25%.
The apartment sector was the only one to gain ground in the first quarter of 2021. All other property types dropped, with office and retail posting the sharpest declines.
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