New figures published by Jones Lang LaSalle have revealed that the highest volume of investment in commercial property transactions took place in New York during the second quarter of the year. The US city's market accounted for some 6.3 billion USD (3.8 billion GBP) of investment, while the global value of such transactions stood at 103.5 billion USD during this period.
London was ranked second in terms of commercial real estate deals - seeing six billion USD-worth of sales take place - while Toronto, Hong Kong and Singapore completed the top five. The organisation also revealed that the number of cross-border transactions increased dramatically during the period from April to June compared to the first three months of the year, making up half of the activity on international markets.
Earlier this week, head of Americas research for CB Richard Ellis Asieh Mansour told Bloomberg that due to the current economic turmoil around the world it is "no surprise" that investors are targeting "less risky" assets, such as "core properties in primary markets".
- Thursday 18 August 2011