Global Capital Markets Conditions

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Now Available
Global Capital Markets
Research Deck
CBRE
MARCH 2025
Enhance your client presentations and conversations with this newly updated deck featuring the most recent takeaways and figures from CBRE Global Capital Markets Research.
Executive Summary
 
  • Global commercial real estate investment volume rose 29% YoY to US $232 billion in Q4 2024. Year-over-year volumes increased all in three regions. Americas volumes were up by 27%, while APAC and Europe saw increases of 31%.
     
  • CBRE believes that cap rates have generally stabilized in the U.S. and Europe; while in APAC, cap rate movements are expected to vary across different markets.
     
  • CBRE's 2025 Investor Intentions Survey indicates heightened buying intentions across all three regions for 2025. Looking ahead, we anticipate increasing investment volumes across all regions in 2025.
     
  • Increased policy uncertainties related to tax, tariff and immigration policies in the U.S. will have varying implications for global regions.
     
  • In the US, we anticipate fewer and slower rate cuts from the Fed in 2025, with the 10-year Treasury yield remaining above 4%. However, this is unlikely to derail investment activity.
     
  • CBRE expects a continued recovery in investment activity for 2025, with a global investment volumes increase of 11%. An 8% rise is anticipated in the U.S., with Europe growing by 15% to 20% and the APAC region increasing by 5% to 10%.
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