Global commercial real estate investment rose to $806 billion (€747 billion) in 2024, an 8 percent year-over-year increase.

The Wealth Report, compiled by Knight Frank, says the figure increase marks a significant recovery following the sharp 43 percent contraction recorded in 2023 by the consultancy. The report also shows cross-border capital regaining momentum, rising by 12 percent to $171 billion (€158 billion).

Knight Frank says it was a year where cash- rich, opportunistic high-net-worth individuals and family offices took advantage of prices bottoming out, currency advantages, volatility and the lack of competition from institutional investors to acquire $360 billion (€334 billion) worth of commercial real estate assets globally. These private investors made up 44 percent of the total investment volume for 2024. Institutional buyers were the second most active group, deploying $268 billion (€248 billion), some 33 percent of the total. Buyers in p