A remark many have made to GlobeSt.com over the last year or two is the volume of dry powder sitting on the sidelines, the possessors of the capital waiting for the right moment to leap in and take advantage of the market. Looking for distressed properties. Maybe feeling safe to lend to others.

The discussions are rarely specific. No one knows how tall the stacks of long green stand, like luxuriant forests of foliage that never browns and dries. At least not until now. Cushman & Wakefield took a stab at estimating how much is ready to move in.

They said $419 billion is globally available, with $250 billion of that settled in the U.S. All the capital put together is more than double the amount raised in the wake of the Great Recession. That may be because of the pandemic rescue plans that the federal government, Federal Reserve, and even state and local officials put into place.