JLL Reports Robust 2015 Real Estate Investment; Sees Modest Growth In 2016

(RTTNews) - Jones Lang LaSalle Inc (JLL), a real estate-focused professional services and investment management company, said that according to its new research, total direct real estate investment reached just over $700 billion in 2015, on par with the 2014 levels.

The top 30 cities accounted for nearly half of total global real estate investment in 2015, with U.S. cities accounting for nearly half of the Top 30 cities.

Overall global commercial real estate investment in 2015 was just 1 percent below 2014 levels of $704 billion and 7 percent below the all-time high in 2007 of $758 billion. The company predicts further modest expansion for 2016.

JLL noted that Institutional investors continue to allocate significant capital to real estate, and they are broadening their investment to include segments such as student housing, healthcare and the private rented residential sector in markets outside the U.S.

Colin Dyer, CEO of JLL said, "As we mark another year of robust commercial real estate investment, we are optimistic the market is still on track to average US$1 trillion per year by the early 2020s. While the 'Big 6' cities of New York, London, Tokyo, Paris, Hong Kong and Singapore will continue to lead in terms of transactional activity, we anticipate more cities will become investible and challenge the 'Big 6.'"