Colliers publishes 'Global Capital Flows | March 2026'
Colliers Japan released the 'Global Capital Flows | March 2026' report, highlighting an 8.2% global real estate investment recovery in 2025 and a surge in data center financing.
📋 Article Processing Timeline
- 📰 Published: April 9, 2026 at 19:00
- 🔍 Collected: April 9, 2026 at 10:31
- 🤖 AI Analyzed: April 20, 2026 at 10:08 (263h 37m after Collected)
Colliers International Japan Co., Ltd. (Representative: Masahiro Tanigawa, Headquarters: Chiyoda-ku, Tokyo, NASDAQ and TSX: CIGI, hereafter 'Colliers Japan'), a major comprehensive real estate consulting service, has published the Japanese translation of their latest report, 'Global Capital Flows | March 2026', which analyzes global commercial real estate investment and financing trends.
Based on the full-year investment performance of 2025, this report uses Colliers' proprietary analysis and various data to summarize investment flows by region and sector, cross-border capital trends, changes in the financing environment, and the outlook for the macroeconomic and financial environment heading into 2026.
## 2025 Global Real Estate Investment on a Recovery Trend with Clear Regional Differences
Global real estate investment volume in 2025 recovered, showing an 8.2% increase year-over-year. North America showed the most significant recovery with a 15.4% increase year-over-year, and EMEA (Europe, Middle East, and Africa) also performed steadily with an 8.6% increase. Meanwhile, although APAC (Asia-Pacific region) saw only a 1.7% increase, investment activity remained solid in key markets, primarily Japan and Australia, indicating that investor confidence in major markets is being maintained.
## EMEA Maintains Top Position as Cross-Border Investment Destination, Japan's Presence Also Grows
As a destination for cross-border capital, EMEA continued to be the world's central receptacle. On the other hand, Japan and Australia expanded their investment shares, exceeding their past 5-year averages, further elevating their status as crucial investment destinations for both global and regional investors.
## Multifamily is the Largest Sector, Office Investment also Recovers
On a trailing 24-month basis, multifamily housing accounted for approximately 25% of all investment, remaining the largest sector. Industrial real estate and offices followed, with offices showing a significant recovery particularly in the second half of 2025. In addition, retail facilities are on a recovery trend in various regions, and data centers are increasing their presence as an independent asset class.
## Financing Environment Improves, Capital for Data Centers Rapidly Expands
Global real estate financing volume in 2025 significantly recovered with a 28.9% year-over-year increase, marking the third-highest level in the past seven years. While risk-on strategies such as opportunistic and value-add accounted for the majority of the total, financing for data centers surged, reflecting a marked increase in investor demand driven by AI and digitalization.
Based on the full-year investment performance of 2025, this report uses Colliers' proprietary analysis and various data to summarize investment flows by region and sector, cross-border capital trends, changes in the financing environment, and the outlook for the macroeconomic and financial environment heading into 2026.
## 2025 Global Real Estate Investment on a Recovery Trend with Clear Regional Differences
Global real estate investment volume in 2025 recovered, showing an 8.2% increase year-over-year. North America showed the most significant recovery with a 15.4% increase year-over-year, and EMEA (Europe, Middle East, and Africa) also performed steadily with an 8.6% increase. Meanwhile, although APAC (Asia-Pacific region) saw only a 1.7% increase, investment activity remained solid in key markets, primarily Japan and Australia, indicating that investor confidence in major markets is being maintained.
## EMEA Maintains Top Position as Cross-Border Investment Destination, Japan's Presence Also Grows
As a destination for cross-border capital, EMEA continued to be the world's central receptacle. On the other hand, Japan and Australia expanded their investment shares, exceeding their past 5-year averages, further elevating their status as crucial investment destinations for both global and regional investors.
## Multifamily is the Largest Sector, Office Investment also Recovers
On a trailing 24-month basis, multifamily housing accounted for approximately 25% of all investment, remaining the largest sector. Industrial real estate and offices followed, with offices showing a significant recovery particularly in the second half of 2025. In addition, retail facilities are on a recovery trend in various regions, and data centers are increasing their presence as an independent asset class.
## Financing Environment Improves, Capital for Data Centers Rapidly Expands
Global real estate financing volume in 2025 significantly recovered with a 28.9% year-over-year increase, marking the third-highest level in the past seven years. While risk-on strategies such as opportunistic and value-add accounted for the majority of the total, financing for data centers surged, reflecting a marked increase in investor demand driven by AI and digitalization.