CBRE Leads Global Commercial Property Investment Sales Activity for Sixth Consecutive Year
March 21 2017 - 8:00AM
Business Wire
CBRE Group, Inc. (NYSE:CBG) was the top-ranked firm for
commercial real estate investment sales globally during 2016,
according to Real Capital Analytics (RCA). CBRE has achieved the
number one global position in each of the six years that RCA has
published global rankings, which are based on seller representation
activity.
RCA credited CBRE with 22.2% of market share* across all
property types in 2016 on a global basis—an 800 bps (basis points)
lead over the nearest competitor. CBRE held the top spot in RCA’s
global rankings for office, retail, industrial, apartment and
development sites.
RCA—which tracks global commercial real estate sales of $10
million and greater—estimates that approximately $1.28 trillion of
commercial real estate was sold throughout the world in 2016.
CBRE’s global investment sales volume reached $129.0 billion—an
increase in volume of 2.6% year-over-year, according to RCA.
CBRE was also the number one firm for commercial real estate
investment sales in the Americas in 2016. RCA estimates that
approximately $411.5 billion of commercial real estate was sold in
the Americas during last year. CBRE’s investment sales volume in
the Americas reached $76.2 billion across all property types for a
market share* of 23.7%.
“A wave of global capital continues to have increased attraction
to the real estate sector and this will drive transactions in the
months ahead. The world’s leading Sovereign Wealth Funds control
close to US$7 trillion in assets and currently allocate just three
percent to commercial real estate. While some of these funds are
already investing in global markets, others from countries such as
Japan, are only just getting started,” said Chris Ludeman, Global
President, Capital Markets, CBRE.
“The Chinese have become a force in global real estate as they
seek to diversify and enhance returns, but government controls are
slowing capital migration. That said, over a trillion
Chinese-sourced dollars are already at work around the world and
this can be recycled to a large extent. On the whole, Asian growth
will continue in 2017, with more demand from Hong Kong, Singapore,
Malaysia and South Korea. The big Asia story for 2017, however, is
likely to be Japan,” added Mr. Ludeman.
Highlights from RCA’s 2016 global rankings include:
- CBRE executed $51.7 billion in global
office sales as seller representative, for an industry-leading
market share of 21.7% in 2016.
- CBRE also claimed the top global
position in retail sales as seller representative, with $18.0
billion in transactions—an increase in volume of 9.3%
year-over-year. CBRE increased its global retail sales market share
by 110 bps to 18.5% in 2016.
- CBRE was again the top global firm in
logistics and industrial sales as seller representative, with $19.0
billion in transactions—an increase in volume of 3.4%
year-over-year—for a market share of 32.3%.
- CBRE apartment sales totaled $31.1
billion as seller representative—an increase in volume of 16.7%
year-over-year. CBRE increased its apartment sales market share to
23.7% in 2016.
- CBRE was again the top firm in
development site sales as seller representative in 2016, with $5.2
billion in transactions and a market leading share of 24.1%.
- CBRE was also the leading buy-side
broker globally.
* Market share has been calculated based on the dollar volume of
transactions where CBRE represented the seller, divided by the
total volume of seller-brokered transactions.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500
company headquartered in Los Angeles, is the world’s largest
commercial real estate services and investment firm (based on 2016
revenue). The company has more than 75,000 employees (excluding
affiliates), and serves real estate investors and occupiers through
approximately 450 offices (excluding affiliates) worldwide. CBRE
offers a broad range of integrated services, including facilities,
transaction and project management; property management; investment
management; appraisal and valuation; property leasing; strategic
consulting; property sales; mortgage services and development
services. Please visit our website at www.cbre.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170321005295/en/
CBRE Group, Inc.Aaron Richardson,
212-984-7126aaron.richardson@cbre.com@Richardson_AJ
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