Investment Volume Falls for Fourth Consecutive Quarter

Executive Summary

• U.S. commercial real estate investment volume fell by 64% year-over-year in Q2 to $75 billion.
• Multifamily remained the most preferred sector with $27 billion in Q2 volume, followed by industrial & logistics with $21 billion and office with $11 billion.
• On a trailing-four-quarter basis, Los Angeles was the top market with $43 billion in volume, followed by New York with $37 billion.
• Private and cross-border investors were net buyers in Q2, while REITs and institutional investors were net sellers.
• Inbound cross-border investment decreased by 44% year-over-year in Q2 to $4.9 billion due to economic uncertainty and the relative strength of the U.S. dollar.