According to global property consultant CBRE, with vaccinations ramping up and economies reopening worldwide, global commercial real estate investment volume grew by 98% year-over-year to $260.4 billion in Q2 2021.
€1.5 billion of investment deals have traded in Q2 of 2021. This is a particularly strong quarter, and combined with Q1, indicates that €2.7 billion has traded in the first 6 months of the year.
Global real estate consultant JLL, which tracks Dublin office market deals, indicates that total take-up of space in Q2 was close to 200,000 sq ft. This is a significant increase from the 45,000 sq ft recorded in Q1
With e-commerce penetration expected to grow to 26 percent of all retail sales by 2025, the U.S. will need an additional 330 million sq. ft. of distribution space just to handle the increase in online ordering in that timeframe.
According to CBRE's 2020 Korea In and Out report, foreign investment in the Korean commercial real estate market reached an estimated $1.9 billion in 2020, down 24% y-o-y, while Korean outbound commercial real estate investment volume fell 39% y-o-y to $6.3 billion in 2020.
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