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Research - AUGUST 28, 2020

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U.S. inbound capital slows to lowest H1 level since 2012

by Andrea Zander

Inbound capital to the United States dropped 34 percent in first half 2020, as global lockdown measures and market uncertainty stemming from the COVID-19 crisis weighed on investment activity, according to CBRE.

Investment from Europe, Middle East and Africa (EMEA), by far the leading source of inbound capital, was down by 48 percent year-over-year in the first half. Latin America, by far the smallest source of inbound capital, saw investment decline 84 percent. Investment from Canada and Asia Pacific fell 22 percent and 10 percent, respectively. Higher inbound capital volumes in the first quarter partially offset downturns in the second quarter and helped limit first half decreases, but investment from every region was down by approximately 70 percent year-over-year in the second quarter.

U.S. capital outflows were essentially unchanged from first half 2019, but 80 percent was deployed in the first quarter. U.S. investment in Asia Pacific decreased by 55 percent from

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