Publications

- February 1, 2022: Vol. 16, Number 2

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European and US cities outpace those in Asia Pacific

by Andrea Zander

European and US cities are bouncing back at a faster pace from the COVID-19 crisis than those in the Asia Pacific region.

Heitman Real Estate Securities Group’s annual real estate market rankings report says that the attraction of North American and European cities rose in tandem last year, generally outperforming those in Asia Pacific. London, New York City, Paris and Tokyo have retained their spots in the list as the four most attractive real estate markets in the world. The UK capital, which remains at the top of the rankings, has witnessed a rapid resurgence to activity levels approaching those that were seen in the period prior to the onset of the COVID-19 crisis. Mid-September school re-openings and an easing of lockdown regulations translated to the London Underground transit system recording its busiest day since February 2020. Office occupancy has also returned to almost 90 percent of pre-pandemic levels. New York City again came in at second, with Google’s recen

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