Amidst the COVID-19 pandemic, commercial real estate investments fell in the first half of the year, according to a new report from JLL, even as some investments moved forward. The company also stated that domestic capital has proved to be the most resilient.
Global CRE investments fell 29% compared to the first half of 2019, according to the article. Lockdowns and cross-border travel restrictions were some of the biggest obstacles that contributed to the market decline, which JLL says stalled investors' short-term capital deployment plans.
"Inter-regional investment … declined by 61 percent during the second quarter," Sean Coghlan, head of research, capital markets at JLL said. "Those markets that are more reliant on foreign capital are feeling the effects, resulting in steeper activity declines."
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