Following a pandemic-induced lull, cross-regional global capital flows to the Asia-Pacific region (APAC), North America and Europe jumped 60 percent year-over-year in second half 2021 to a record $77.5 billion, according to CBRE. Investors primarily targeted the industrial & logistics and office sectors, which accounted for 45 percent and 34 percent, respectively, of cross-regional capital flows.
North American investors accounted for most cross-regional activity, deploying $40 billion in the second half 2021, with 80 percent flowing to Europe and 20 percent to APAC. North American inflows reached a five-year high of $27.3 billion amid an influx of investment in the industrial & logistics sector.
Outflows from APAC also reached a five-year high of $26 billion, largely due to a marked increase in Singaporean investment in the U.S. industrial & logistics sector. APAC attracted a decade-best $9.6 billion of inbound capital as North American investors stepped u