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Commercial Real Estate Investment Volume Falls Sharply
U.S. Capital Markets | Q1 2023
May 3, 2023 2 Minute Read
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Executive Summary
- U.S. commercial real estate investment volume fell by 57% year-over-year in Q1 to $78 billion.
- Multifamily remained the most preferred commercial real estate sector with $25 billion in Q1 volume, followed by industrial & logistics with $18 billion and retail with $17 billion.
- On a trailing-four-quarter basis, Los Angeles was the top market with $51 billion in volume, followed by New York with $42 billion.
- Institutional and cross-border investors were net buyers in Q1, while private investors and REITs were net sellers.
- Inbound cross-border investment increased by 23% year-over-year in Q1 to $9 billion.