02.11.22
Executive Summary
• U.S. commercial real estate investment volume fell by 24% year-over-year in Q3 2022 to $154.5 billion.
• Multifamily was the leading sector with $69 billion in Q3 volume, followed by industrial & logistics with $31 billion and office with $26 billion.
• On a trailing-four-quarter basis, Los Angeles was the top market with $66 billion in volume, followed by New York with $64 billion.
• Institutional and private investors were net buyers in Q3, while REITs and cross-border investors were net sellers.
• Inbound cross-border investment decreased by 62% year-over-year in Q3 due to the strengthening U.S. dollar.
