RCA Insights

Global Commercial Real Estate Sales Strengthen to Q3 Record

By on November 5th, 2021

The global commercial real estate investment market continued its bounceback from the pandemic, strengthening to a record deal tally for the third quarter of a year, the latest Global Capital Trends report shows. Sales of U.S. property fueled the increase.

Worldwide sales of income-producing commercial properties climbed 92% from the third quarter of 2020. In the Americas, third quarter deal volume tripled versus a year ago when the Covid-19 crisis hammered activity. In Europe and Asia Pacific, the impact on commercial real estate trading last year was less severe and thus the increases seen in the past quarter more muted.

In Asia, South Korea eclipsed China to register the highest level of sales in the quarter, as shown in the latest edition of Asia Pacific Capital Trends, also released this week. For the year to date, Seoul is the number one global market for office and retail deal volume. In China, domestic investors powered deal activity, with the volume tally for the year so far above the previous high in 2019.

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