JLL has released its Global Real Estate Outlook Mid-Year Update. Despite heightened ambiguity, JLL finds capital is investing through an uncertain market, with global direct investment volumes up 21 percent in first half 2025, totaling $358 billion.
Key findings include:
Capital continues to invest through a more uncertain market. Globally, direct investment volumes were up 14 percent in second quarter year-over-year to $179 billion. With this, first half 2025 volumes are up 21 percent, evidencing that capital continues to invest and deploy through a more uncertain market.
The living sector continues strong performance. Living/multi-housing sector bidding dynamics continue to lead the other sectors, buoyed by near-record dry powder and housing shortages across many major markets.
Data centers and manufacturing drive demand. The global data
