TORONTO, September 26, 2017 /PRNewswire/ —
Avison Young releases its Fall 2017 North America and Europe Commercial Real Estate Investment Review
Any dollar figures under “CANADA” section are Canadian. Any dollar figures under “U.S.” section are American.
Vendors of commercial real estate assets continue to attract a diverse group of eager buyers deploying an abundant supply of capital across asset classes and geographical boundaries. In some markets, scarcity of product has resulted in peak pricing, leading some investors to look further afield in a world of shrinking returns – and to take on more risk.
These are some of the key trends noted in Avison Young’s Fall 2017 North America and Europe Commercial Real Estate Investment Review, released today.
The report covers commercial real estate investment conditions in 54 markets in five countries on two continents: Calgary, Edmonton, Montreal, Ottawa, Toronto, Vancouver, Atlanta, Austin, Boston, Charlotte, Chicago, Cleveland, Columbus, OH; Dallas, Denver,Detroit, Fairfield County, Fort Lauderdale, Hartford, Houston, Jacksonville, Las Vegas, Long Island, Los Angeles, Miami,Minneapolis, Nashville, New Jersey, New York, Oakland, Orange County, Orlando, Philadelphia, Phoenix, Pittsburgh, Raleigh-Durham, Sacramento, San Antonio, San Diego County, San Francisco, San Mateo, St. Louis, Tampa, Washington, DC; West Palm Beach, Westchester County, Coventry, London, U.K.; Berlin, Duesseldorf, Frankfurt, Hamburg, Munich and Bucharest.
“The commercial real estate sector remains awash in capital; and despite varying global economic, political and property market conditions, including the ongoing interest-rate scenario, there is no better place to put your money than in hard assets,” commented Mark E. Rose, Chair and CEO of Avison Young. “In short, real estate has established itself as a real alternative asset class to stocks and bonds.”
He continued: “Our review of commercial real estate investment activity across diverse markets, countries and continents revealed a continued pursuit of prime assets in gateway markets. However, as scarcity of product and fierce competition are resulting in peak pricing in some of these markets, investors are continuously looking to diversify across product types and geographies, which means climbing up the risk ladder.”
The report, which covers commercial real estate investment activity in the first half of 2017, shows that,