Asia Pacific commercial real estate investment increases by 13% in the first quarter

Asia Pacific was the only region globally to see growth in commercial real estate investment in first quarter 2024, with investment volumes reaching $30.5 billion. According to JLL, commercial real estate investments rose by 13 percent year-on-year in first quarter 2024, marking the second quarterly year-over-year increase after seven consecutive quarters of decreasing volumes.

The increase in investment volume comes amid global investors making major acquisitions, while institutional investors continue to deploy capital. North Asia led the growth of the region, with Japan emerging as Asia Pacific’s most active market, with an investment of $11.5 billion, a 29 percent year-over-year increase, across the quarter. Domestic buyers focused on core assets in Japan, while foreign capital demonstrated interest in opportunistic investments. Overseas investors remained interested in Japan, with large acquisitions made in the office, logistics and industrial sectors, due to its loose