Global commercial real estate (CRE) investment totaled US$326 billion (measured in fixed US$) in Q4 2019, about level (-0.5%) with Q4 2018. For the full year, global volume fell by 2% from 2018.
EMEA (19%) investment activity surged in Q4 2019, while Americas (-6%) and APAC (-27%) investment volume observed declines on a year-over-year basis.
Seasonally adjusted investment volumes fell slightly in the Americas (-2%) and EMEA (-4%), while rising by 3% in APAC relative to full-year 2018.
Global cross-border investment fell by 20% in 2019 compared to last year, headlined by a 54% decrease in U.S. cross-border inbound investment.
Paris emerged as the top destination for foreign capital in 2019. Dublin also gained significant interest from foreign investors
Global office and industrial yields continued to compress, while retail yields relaxed and were supplanted by industrial yields for the first time on record. Yield spreads narrowed slightly due to rising global bond rates.