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Commercial real estate investment rose 86% last year

Commercial real estate investors spent $53 billion on properties in Los Angeles, $49 billion in New York and $41 billion in Dallas last year, powering an 86 percent national increase from 2020. The total came to $746 billion, according to a report from CBRE.

Investment in multifamily and industrial properties drove the surge, and Austin had the hottest office sector.

Investors spent $315 billion on multifamily portfolios and single properties, more than double the $145 billion spent in 2020. Industrial investments also soared, with $160 million spent on industrial portfolios and properties, compared to $105 million in 2020.

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Photo by Vladimir Kudinov on Unsplash


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