Global commercial real estate investment declined by 51% year-over-year in Q3 to $142 billion. Investment fell by 53% in the Americas, 54% in Europe and 31% in Asia-Pacific. Rising interest rates in many countries contributed to the significant drop of investment activity.
According to a new report from CBRE, power supply has had difficulty keeping pace with data center industry growth across the globe, keeping vacancies low and pushing rents up even amid robust construction.
According to global property consultant Knight Frank, rents in global luxury residential markets are continuing to see strong growth. The Knight Frank Prime Global Rental Index rose by 8.5% in the 12 months to March 2023 this year - with rents in a majority of markets hitting new records.
According to the recent CBRE Global Seaport Review, a 36.5% jump in international shipping container volumes over the past decade is driving strong demand for logistics space near seaports.