In March 2020, the world went into lockdown as COVID-19 was declared a global pandemic. Two years have since passed and, despite the rise of new COVID-19 variants, the U.S. economy grew in 2021 at its fastest pace since 1984, driving the U.S. commercial real estate markets to a remarkable recovery.

U.S. commercial property sales totaled $809 billion in 2021, nearly doubling 2020’s mark and topping 2019’s $600 billion, according to Real Capital Analytics data. Although not at the same recovery pace, European investment market full-year volume totaled $423 billion, up 28 percent from 2020, and Asia Pacific investment market full-year volume was $143 billion, reported CBRE.

Surveys indicated investors are enthusiastic about their investment plans for 2022, following such a record year. Institutional investors plan to invest at least €60.1 billion ($68.7 billion) in global real estate this year, according to the 2022 Investment Intentions Survey published by