【JLL】Global Real Estate Perspective May 2021

JLL’s latest Global Real Estate Perspective looks at market dynamics during the last quarter and the prospects for 2021 and beyond.

A mixed start to the year

With vaccination programs at differing stages around the world some countries are now moving into recovery territory while others remain in the midst of the pandemic. Expectations are for a stronger second half to the year as pent-up demand starts to filter through the economy.

Momentum in global office markets remains subdued, with Q1 leasing volumes down 31% on Q1 2020. However, there are now tentative signs of an improving outlook with leasing activity in some countries including China back above pre-pandemic levels. Retail and hospitality, the two sectors most directly impacted by social restrictions, are continuing to face challenges. The logistics sector, the standout performer throughout the pandemic, maintained its robust growth in Q1.

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