Quarterly volume of real estate investment worldwide 2018-2023, by region
Global investment into commercial real estate has declined dramatically since 2021. In the fourth quarter of 2023, the value of commercial real estate investment transactions was estimated at 157 billion U.S. dollars, down from 567 billion U.S. dollars in the same quarter in 2021. The suppressed investment activity can be explained by the worsening economic conditions and higher mortgage rates, resulting in an overall cautious behavior among investors. The Americas contributed with the most investment, at 157 billion U.S. dollars.