By Michael Gerrity | February 16, 2022
According to global property consultant CBRE, the total U.S. commercial real estate investment volume of $296 billion in Q4 2021 brought the full-year total to $746 billion, both record levels.
CBRE reports that multifamily led all sectors for investment volume in Q4 ($136 billion) and for the year ($315 billion).
Although Los Angeles and New York had the highest levels of investment in 2021, Sun Belt markets had the strongest year-over-year growth rates, including Las Vegas (232%), Houston (191%), and South Florida (179%).
Private buyers accounted for the most Q4 investment volume ($143 billion), while REITs/public companies had the highest year-over-year growth rate of 153% to $35 billion.
CBRE further reports that cross-border investment in the U.S. increased by 115% year-over-year to $29 billion in Q4. Foreign capital accounted for $56 billion or 7.5% of the total investment volume in 2021.
Canada was the largest source of foreign capital in 2021 with $21 billion, followed by Singapore with $15 billion.
Originally posted on WorldPropertyJournal
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