Global commercial real estate investment volume in Q2 2021 grew by 98% year-over-year, driven by robust activities in the Americas and APAC.
Americas and APAC investment volumes returned to pre-COVID levels in Q2, while European volume is expected to return in H2 on the back of economic recovery and widespread COVID-19 vaccinations.
Capital continued to flow primarily to industrial and multifamily assets, while office investors remained focused on core assets.
Global industrial yield compressed significantly in H1 2021 driven particularly by the U.S. market. Office and retail yields remained largely stable. Counter-cyclical opportunities arose as cap rates increased for Americas office and APAC retail.