Commercial News » Los Angeles Edition | By Michael Gerrity | August 9, 2022 9:00 AM ET
According to global property consultant CBRE, U.S. commercial real estate investment volume rose by 10% year-over-year in Q2 2022 to $167 billion.
CBRE also reports U.S. multifamily was the leading sector with $78 billion in Q2 volume, followed by industrial & logistics with $32 billion and office with $24 billion.
On a trailing-four-quarter basis, New York was the top market with $67 billion in volume, followed by Los Angeles with $65 billion.
Institutional investors were net buyers in Q2 2022, while private investors, REITs and cross-border investors were net sellers.
CBRE further states that Inbound cross-border investment increased by 16% year-over-year in Q2 but was down by 9% from Q1 due to the strengthening U.S. dollar.
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