The United States is no longer leading the rest of the world for commercial real estate investment and the numbers for July suggest that this trend will not reverse any time soon, according to a report by Real Capital Analytics.
Simply put, the high COVID-19 infection rate in the US from is the reason for the decline, with the number of daily deaths from COVID-19 10 times greater than those in the European Union.
Just as the US fell into a recession in March, Europe began to move ahead in deals. According to the report, "US investment volume for deals priced $10 million and greater slipped behind those in Europe by $19 billion."
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Dan Clark
Dan covers cyber security, legal operations and intellectual property for Corporate Counsel. Follow him on Twitter @Danclarkalm.
