By Simon Mallinson on May 11th, 2018
It was a mixed picture for global commercial real estate at the start of 2018, the latest edition of Global Capital Trends shows. The U.S. market returned to growth and key markets in the Asia Pacific region registered a strong start to the year. Activity in Europe fell after a record fourth-quarter performance.
Overall global activity in Q1’18 grew by 15% compared with Q1’17. Income-producing assets dropped 3% year-over-year versus a 46% year-over-year increase for development sites, which are a key feature of the Asia Pacific commercial real estate market.
The industrial sector has surged globally over the last 12 months through major platform deals involving logistics assets. The sector climbed 44% year-over-year in the first quarter of 2018.