Q3 Global Commercial Investment Up 13% over Last Year
2015-04-21
JLL reports today that increased capital allocation levels into direct real estate have helped push Q3 2014 global real estate investment volumes to $165 billion, 4% higher than Q2 2014 and 13% higher than Q3 2013. This has taken global 2014 year to date (YTD) volumes to $463 billion, 23% higher than the $378 billion recorded in the first three quarters of 2013.
"Global commercial property markets continue to see increased investor activity with both prime and secondary opportunities attracting substantial competition and interest from clients," said Arthur de Haast, Lead Director International Capital Group at JLL. "The sheer amount of equity still on the sidelines awaiting deployment means total volumes this year are on track to reach $700 billion, an amount we last saw back in 2006."
David Green-Morgan, Global Capital Markets Research Director at JLL added, "The turnaround in occupier demand in 2014 continues to give investment markets a supporting tailwind. Rents are rising significantly in locations where demand is strong. This provides investors with confidence that their assets will perform well which encourages them to invest in additional opportunities."
The Americas
Strong growth was recorded in the US, Brazil and Mexico with Q3 2014 volumes totaling $78 billion, 16% higher than Q2 2014 and 23% higher than Q3 2013. 2014 YTD volumes are $207 billion up 35% on a year on year basis.
Europe
European volumes for Q3 2014 reached $56 billion, a 5% decline on Q2 2014 but still 7% higher than Q3 2013.
Asia Pacific
Asia Pacific investment markets were stable in Q3 2014, with volumes of $31 billion. Although this amount is down 3% on Q2 2014, it is 3% higher than Q3 2013, with 2014 YTD volumes of $86 billion only 4% behind last year.
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