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Global Capital MarketView (Q1 2012)

Investor Focus Shifts to Americas

Overview

  • Having recovered 20.2% from its trough, the CBRE Global Capital Value Index currently stands at a level of 143.32, which is 9.4% below its pre-recession level of 158.19.
  • The Global Capital Value Index witnessed a moderation in quarterly growth as sentiment in key investment markets was mixed. In fact, this quarter's growth rate of 0.3% was the smallest growth witnessed since Q4 2009, when the index emerged from its decline.
  • Despite the slowing quarterly growth this quarter, global and regional capital values were still better than they were a year ago.
  • Notably, through, the Americas Capital Value Index maintained the lead for quarterly growth with a 1.5% quarter-over-quarter increase. Meanwhile, Asia Pacific, which previously experienced the strongest growth rates of the three regions, averaging 4.2% from Q2 2012 through Q3 2011, experienced a quarterly increase of 0.6% in Q1.
  • Global and regional investment volume in Q1, while traditionally modest in the first quarter due to seasonal effects, was noticeably down on a year-over-year basis. Global volumes were 5.2% below their level a year ago, while EMEA and Asia Pacific's Q1 levels were 21% and 27% below their prior year levels, respectively. The Americas region witnessed the strongest regional investment activity with $44 billion in recorded transactions, making a 20% annual gain in volumne.

Downloa​​d the Global Capital MarketView​ (Q1 2012)​​​​​

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