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CommercialFri, 13 Aug, 21

Commercial Real Estate Capital Markets Recovery Strengthening - JLL

Commercial Real Estate Capital Markets Recovery Strengthening - JLL

The scale and scope of the commercial real estate capital markets recovery continued to broaden in the second quarter (Q2) of 2021 according to JLL’s ‘Global Real Estate Perspective – Highlights’ report adding that each region is seeing a boost to activity within the real estate sector. Nonetheless, it noted that travel restrictions continue to dampen intraregional and interregional capital flows with cross-border investment representing 29 percent of total volumes in Q2. 

The report says many segments of the real estate market are exhibiting operational resilience with allocations to the real estate sector still intact and strengthening further adding that the recovery is dependent on vaccination rates and societal restrictions. 

“While conditions in global office markets remain relatively subdued, the trend is now showing definite signs of improvement, and further progress is expected in the coming months. Global quarterly leasing volumes are 44% higher than a year ago but remain 36% lower than Q2 2019. All regions are still below Q2 2019 levels, with the U.S. lagging the most (-44%), followed by Europe (-32%) and the Asia Pacific (-21%).”

JLL observed that increased competition and depth of capital targeting real estate are benefitting pricing and accelerating discovery in lagging segments of the market. 

JLL concluded by explaining that portfolio diversification remains a critical theme, benefitting countries with ample investible living, logistics and alternatives products, each of which has experienced moderated declines and quicker recoveries.

 

Source: Mohammed Bomanso Issah(Real Estate Times Africa)

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