Commercial real estate activity in the United States and Europe during the first half of the year surpassed levels seen in the same periods of 2006 and 2007.

First half 2015 has witnessed the highest levels of commercial property investment activity in Europe since 2007, according to theEuropean Investment Briefing, a report from Savills. Investment volume across the 16 participating countries totaled almost €102.5 billion ($116 billion), the highest-performing first six months since 2007, and 25 percent greater than the same period of 2014.

Savills notes the European investment market is on track to top €230 billion ($259 billion) by the end of this year, as commercial property investors continue to favor core markets.

The office sector continued to dominate investment activity in most countries across Europe, capturing about 39 percent of the transaction volume per country, on average. The only exceptions — where retail properties accounted for