Global Real Estate Investment Soaring

Commercial real estate investment nearly doubled in the second quarter to $66 billion and to $130 billion in the first half of the year, Jones Lang LaSalle reported.

In the US volume nearly quadrupled from the first to second quarter

Globally, volumes could reach $300 billion for the full year. That, however, is still well below pre-credit crisis levels, Arthur de Haast, of Jones Lang LaSalle said.

“We must take into account that fact that those (2006 and 2007) were heady years for commercial real estate investment, with unprecedented record trading volumes,” he said.

Investments by region:

AMERICAS:

Second quarter: $21 billion

Year-over year growth: 54 percent

Quarter to quarter: 320 percent

2010 Forecast: $80 – $85 billion

ASIA PACIFIC

Second quarter: $15 billion

Year-over year growth: 21 percent

Quarter to quarter: – 34 percent

2010 Forecast: $80 billion

EUROPE, MIDDLE EAST AFRICA

Second quarter: 23 billion

Year-over year growth: 80 percent

Quarter to quarter: 15 percent

2010 Forecast: 100 billion

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