Commercial Real Estate Remains a Safe Haven Despite Divisive Global Political Climate
2017 is shaping up to be a year like no other as an increasingly divisive political climate unsettles global markets. But, according to the latest figures from global real estate consultant JLL, commercial real estate continues to successfully navigate this uncharted territory.
Third quarter global transactional volumes remain unchanged compared to the same period a year ago, coming in at $166 billion and bringing year-to-date (YTD) volumes to $464 billion, 2 percent higher than the first three quarters of 2016.
Both EMEA and APAC recorded a strong YTD performance, jumping 14% and 12% respectively, while the Americas saw volumes dip by 11% as investment in the U.S. slipped in Q3.
Despite being late in the cycle, a significant amount of capital is still looking to the sector, and fundamentals remain supportive of investment activity. As a result, JLL still anticipates full-year volumes to be in line with the $650 billion we recorded last year.