Paris has emerged as the world's most liquid real estate market.
JLL, a global property consultancy, reported this week that global commercial real estate investment volumes rose by 10% to $245 billion in the fourth quarter of 2019. This took total activity for the year to $800 billion, up 4% from the previous year's highs, making 2019 the best year for commercial real estate investment on record.
Growth is driven by developed markets in all three regions. in qatar
During the fourth quarter, regional investment in the Americas increased by 15% to $97 billion. This, together with the strong results in the third quarter, increased full-year volumes by 12% to $347 billion. The United States, where full-year volumes were underpinned by unwavering investor demand for industrial assets and sustained stability in the office sector, led regional results. Annual sales operation in Canada has increased by 9%.
primarily due to increased demand in key office markets like Toronto, Montreal, and Vancouver. Thanks to large-scale industrial transactions in both markets, Mexico and Brazil both saw double-digit growth in 2019.
In the fourth quarter, EMEA revenue volumes increased by 11% to $93 billion, reversing the trend from the previous quarter. Volumes for the full year totaled $284 billion, down 5% from the previous year. Germany saw record investment in 2019, with volumes increasing by 1%, making it the region's most liquid market. Similarly, transaction activity in France increased by 15% in 2019, setting a new high-water mark for the nation.
a business Many of the region's other major markets performed well in 2019, with increased demand in Spain, Sweden, Italy, Norway, Ireland, and Switzerland. On the other hand, investment in the UK was affected by Brexit-related uncertainty, but business conditions are expected to improve in 2020 as results become clearer.
Despite a sluggish fourth quarter in Asia Pacific, the excellent start to the year resulted in a 6% increase in full-year volumes to $169 billion. Core markets such as China, Japan, Singapore, and South Korea, where both domestic and foreign investors are involved, aided the rise in trading.
Meanwhile, political unrest continues to wreak havoc on Hong Kong, with full-year investment falling by 53%.
The United States' strong industrial success attracts international capital.
In 2019, global industrial investment increased by 24%, reaching $166 billion. Investors are increasingly looking outside of their home markets for commodity as bidder pools strengthen and competition for product increases, with cross-border acquisitions in the sector reaching a record high of $53.6 billion.
The United States continued to be the largest source of foreign investment in the manufacturing sector, accounting for 47 percent of all cross-border capital flows into the sector in 2019. Due to the relative availability of size, cross-border investors such as global funds, as well as groups from Canada and the Middle East, have flocked to the US market. Solid fundamentals have also enticed investors, as strong absorption has effectively compensated for a lack of supply.
increase in new deliveries, resulting in the sector's fastest rent growth in three years.
Paris's economy is fueled by increased investment in the office sector.
For the first time in history, Paris has been the world's most liquid real estate market for a full year. The total amount invested in 2019 was $30.0 billion, up 7% from 2018. In Paris, investment was highly concentrated in the office market, continuing a pattern seen throughout the year. Sales of offices increased by 6% to $24.8 billion, the highest amount since 2007 and accounting for 83 percent of total investment in the Paris industry. With eight acquisitions totaling more than $500 million, large-scale transactions played a significant role in this expansion.