Americas Commercial Real Estate Markets
The United States dominates the Americas commercial real estate (CRE) market with respect to legislative scope, capital markets maturity, and transaction flows. However, following the 2008-09 recession and emergence of Latin American countries as the Americas growth engine, investors’ interest in Brazil and Mexico has increased.
However, the U.S. remains the most mature CRE market and will continue to experience increased investments, as the economy gradually recovers and investors target attractive opportunities.
The Americas continues to experience a bifurcated recovery, with robust growth in developing economies and comparatively slower expansion in developed nations. Similarly, CRE fundamentals have strengthened in the Latin American countries and stabilized in mature markets such as the U.S. Going forward, Brazil will potentially demonstrate comparatively favorable macroeconomic and CRE fundamentals in the Americas, despite fears of overheating, due to high domestic demand and consumption coupled with increased foreign investor interest.
This report examines CRE market trends across four key Americas markets – Brazil, Mexico, Canada, and the U.S. – with a focus on comparative attractiveness of each country.