CBRE: Investment volume falls considerably in Q4

U.S. commercial real estate investment volume fell by 63 percent year-over-year in fourth quarter 2022 to $128 billion. For the year, volume fell by 17 percent to $671 billion from 2021’s record level but was the second highest on record, according to CBRE.

Multifamily was the leading sector, with $48 billion in fourth-quarter volume. That was followed by industrial & logistics, with $32 billion, and office, with $19 billion.

Institutional and private investors were net buyers in fourth quarter, while REITs and cross-border investors were net sellers.

Inbound cross-border investment decreased by 81 percent year-over-year in fourth quarter to $6.2 billion due to the strong U.S. dollar and economic uncertainty.

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