The second quarter experienced improved commercial real estate investment throughout much of the world despite economic struggles in many areas, according to a report from Jones Lang LaSalle.
In total, direct commercial property investment volumes rose 10 percent compared to the previous quarter's figure for a total of $103 billion. When comparing quarterly statistics, the Americas, Europe, Middle East, Africa and Asia Pacific regions witnessed heightened activity, WorldPropertyChannel reported, citing Jones Lang LaSalle. However, when comparing the second quarter's figures with the same point in 2011, the only region that experienced investment volume growth was Asia Pacific, which drew in $24 billion compared to $20 billion.
"Clearly we remain in a challenging environment," Arthur de Haast, head of Jones Lang LaSalle's International Capital Group, told the news source. "However, the demand for good quality, well-located direct commercial property remains high globally as evidenced by the rising transactional volumes this quarter."
Even with slow growth, investors have shown confidence in the market, the report added. The volume of investment grew by approximately 50 percent during the first half of 2012 compared to the same period in 2010.