{"id":1004525735,"date":"2021-05-04T05:11:47","date_gmt":"2021-05-04T13:11:47","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004525735"},"modified":"2021-05-15T10:30:47","modified_gmt":"2021-05-15T18:30:47","slug":"can-cre-investment-rebound-in-h2-cbre-thinks-so","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/can-cre-investment-rebound-in-h2-cbre-thinks-so\/","title":{"rendered":"Can CRE Investment Rebound in H2?"},"content":{"rendered":"
\"\"<\/a>

Image by jplenio via Pixabay.com<\/em><\/p><\/div>\n

Despite first-quarter global commercial real estate investment volume being down 31 percent year-over-year, a turnaround could be coming in the third and fourth quarters of the year.<\/p>\n

\u201cA strong rebound is expected in the second half of the year on the back of economic recovery and widespread COVID-19 vaccinations,\u201d according to CBRE\u2019s newly released Global MarketFlash.<\/p>\n

\n

READ ALSO<\/strong>: CRE Confidence Soared in Q1, Says SIOR<\/a><\/p>\n

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Although doubts have recently arisen regarding when\u2014or even whether\u2014the U.S. will reach herd immunity with respect to COVID-19, the report noted that the U.S. and the U.K., with their world-leading vaccination rates, have outpaced their peers in first-quarter investment volume.<\/p>\n

\u201cBased on the current pace of immunization and the broader economic recovery, CRE investment should be near the pre-pandemic level\u201d by the second half of this year, CBRE projected.<\/p>\n

In fact, CBRE estimated that global CRE investment volume will increase by approximately 15 percent to 20 percent this year.<\/p>\n

The U.S. fared a bit better than the global market, with a 28 percent year-over-year decrease in investment volume.<\/p>\n

Industrial investment showed continued strength in the first quarter, followed by multifamily; industrial and multifamily investment volume fell by 3 percent and 15 percent, respectively, year-over-year, excluding entity-level transactions.<\/p>\n

Not surprisingly, retail investment was hard hit, falling 44 percent year-over-year, though office volume was not much better, having fallen by 34 percent. \u201cSingle-tenant assets drove activity in these two sectors due to more clarity on occupancy and rental income,\u201d CBRE observed.<\/p>\n

Oddly perhaps, hotels seem a bit of a bright spot. Hotel investment volume swelled by 14 percent year-over-year in the first quarter, according to CBRE. Though this was lifted by Colony Capital\u2019s $2.8 billion sale of six hospitality portfolios<\/a>, big hotel deals should continue this year, \u201cas many operators face liquidity issues that will lead to lower pricing.\u201d<\/p>\n

The U.S. markets that are leading the CRE recovery are a disparate lot, CBRE reported. Boston, and Charlotte and Raleigh-Durham, N.C., all bucked the general trend, with 2020 and, so far, 2021 investment levels comparable to their five-year averages. Los Angeles, Dallas, Seattle and Atlanta too are regaining ground rapidly. Broadly, Sun Belt markets with steady job growth are in favor.<\/p>\n

Nonetheless, investment activity continues to lag in some major metros, including New York, San Francisco, Washington and Chicago.<\/p>\n

The rest of the world<\/h2>\n

In the first quarter, the Asia-Pacific region actually saw an overall 6 percent increase in investment, led by Taiwan, Australia and Singapore. Industrial properties (including cold storage) have done well.<\/p>\n

After more than holding its own during most of 2020, the APAC office sector faltered in the first quarter, falling 9 percent year-over-year. CBRE projected, however, that \u201cThe region\u2019s fast-growing services sector will lead to stronger growth in office investment.\u201d<\/p>\n

EMEA had its strongest first-quarter investment volume, despite an average one-third drop on a trailing 12-month basis.<\/p>\n

Switzerland, Denmark and the United Kingdom \u201cmanaged to keep the pandemic under relative control and led the region\u2019s investment volume,\u201d CBRE noted. However, Germany, France, the Netherlands and Sweden had COVID-19 resurgences of varying severity, and all sustained year-over-year investment volume decreases of more than 40 percent, as of the first quarter.<\/p>\n

Read the full report by CBRE<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sales volume is expected to increase by 15 percent to 20 percent globally in 2021, according to CBRE’s latest forecast. <\/p>\n","protected":false},"author":882,"featured_media":1004525743,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21783,45527,23891,21742],"tags":[32789,48950],"class_list":["post-1004525735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","category-keyword-optimized","category-national","category-latest","tag-cbre","tag-coronavirus"],"acf":[],"yoast_head":"\nCan CRE Investment Rebound in H2? - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/can-cre-investment-rebound-in-h2-cbre-thinks-so\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can CRE Investment Rebound in H2?\" \/>\n<meta property=\"og:description\" content=\"Sales volume is expected to increase by 15 percent to 20 percent globally in 2021, according to CBRE's latest forecast.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/can-cre-investment-rebound-in-h2-cbre-thinks-so\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-04T13:11:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T18:30:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/road-3133502_1920.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/can-cre-investment-rebound-in-h2-cbre-thinks-so\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/can-cre-investment-rebound-in-h2-cbre-thinks-so\/\",\"name\":\"Can CRE Investment Rebound in H2? 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