Global investment in commercial property has risen sharply in the first half of the year to reach $318bn (£203bn), 15% higher than in H1 2014, according to research published today by DTZ.
Europe and North America had the greatest rises, with 23% and 18% respectively, with Asia Pacific slowing by 7% over the past year
London retained its position as the most traded market, with $39bn transacted over the 12 months to the end of Q2 2015 – up 7% on a year ago.
Manhattan followed, at $28bn, with San Francisco’s total standing at $21bn and Tokyo’s at $18bn.
European investment totalled $274bn over 12 months, compared with $311bn in North America and $90bn in Asia Pacific.
DTZ head of capital markets research Nigel Almond said: “In contrast to Europe or North America, investment volumes across Asia Pacific remained strong through the financial crisis and its aftermath. They hit a peak of $104bn at the end of 2014 but in the last six months activity has been stifled by a lack of suitable product and, in some markets, a mismatch between buyer and vendor expectations.”
“London retains its position as the leading city for attracting inter-regional investment, equivalent to nearly two-thirds of all investment in the past 12 months. The volume is similar to the inter-regional total for the next four leading cities of Manhattan, San Francisco, Chicago and Los Angeles combined.”
