U.S. commercial real estate activity soared in the first quarter, according to a new report by Colliers International.
Commercial property investments jumped 45 percent in the first three months of 2015 compared to a year earlier, the Seattle-based commercial real estate firm reports.
Investment volumes totaled $129 billion year over year, with the largest volumes going into office transactions ($33.5 billion) and apartment ($33 billion.)
“Overall, we are seeing investor confidence continually emboldened, as evidenced by the increase in cross-border investments across property types,” Brian Ward, Colliers’ president of capital markets and investment services said in a statement.
Foreign investment in commercial real estate more than doubled so far this year, totaling $22.2 billion.
Most of the foreign investors were from Asia and Canada.
Most foreign investment dollars are coming from Asia and Canada. (Colliers)