Real estate transaction volumes in the region fell more sharply than those elsewhere in the first quarter, but the rebound may also be stronger.
Investors in the region are looking to buy more logistics assets despite rising valuations, as the Covid-19 pandemic continues to push more people to buy goods via e-commerce.
Two funds and a JV that have exposures to China logistics assets have been closed this month amid the challenging environment. Demand on such assets will likely sustain.
The demand for commercial real estate remains high in the region, CBRE's survey shows, but patience will be needed as the coronavirus disrupts deal execution.
Uncertainty in Western markets and better yields in Asia will slow institutional allocations to global real estate, and may boost domestic markets.
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