Capital Markets Report

1Q 2022
Newmark Research presents the First Quarter 2022 Capital Markets Report.

Investment volume increased by 55.6% year-over-year to $170.8 billion in 1Q22, representing the largest first quarter volume on record, overtaking 1Q07.
The record-breaking pace of non-traded REIT spending has continued into 2022, with investment volume surpassing $10 billion in 1Q22, driven almost entirely by BREIT.
NCREIF annualized total returns for commercial real estate climbed to 21.9% in 1Q22, driven by record-breaking total returns in industrial and multifamily as well as an accelerating recovery in hospitality, retail and office.
Commercial real estate continues to be a hedge against inflation, with industrial and multifamily annualized total returns offering a 4330 and 1550 basis point spread to inflation in 1Q22, respectively.
Trailing twelve-month global investment volume increased by 41.6% year-over-year to $2.3 trillion in 1Q22, with allocation to the United States climbing to 47.1%, outpacing Asia Pacific and EMEA.

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