Real estate investors appear to have increased their exposure to other segments of real estate amid the COVID-19 outbreak, especially in industrial and logistics sectors, according to the latest report by CBRE.
Real estate investors have invested $ 5 billion in industrial and logistics assets since the start of the year, with sales up 10% from last year. With this growth, the share of industrial and logistics segments in the overall investment activity has increased to 31%.
In contrast, the office and retail segments recorded sales declines of 44% and 51%, respectively, over the same period.
Chris O & # 39; Brien said the industrial and logistics segments started the year slowly, registering an upturn in activity in mid-June. He said this could indicate that most of the negotiations had been extended instead of being abandoned entirely.
Additionally, O & # 39; Brien said that the growth shows that industry and logistics were less affected by the COVID-19 outbreak.
"This is one of the main reasons there was such an immediate rebound in volume levels from mid-June, and why we have seen over 70% of trades cumulative since the start of the year has happened in the last four months alone. We expect this wave of momentum to continue through the end of the year, "he said. declared.
The CBRE study also showed that there was a peak in the activity of offshore buyers for the office, retail and industrial sectors.
"Offshore investors are looking to increase their exposure to the Australian market, which has traditionally been more stable in times of uncertainty and economic turmoil," said Ben Martin-Henry, head of market research for Australia. capital at CBRE.
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