- The global economy contracted an estimated 10% in the first half of 2020. Rents and capital values stumbled in the COVID-triggered recession, with the exception of industrial assets that saw increased demand from a thriving e-commerce industry.

 

- Industrial rents (0.1% q-o-q) edged higher in the second quarter, driven by EMEA demand. Office rents (-1.3% q-o-q) declined, observing its largest decline since 2009. Retail rents (-2.9% q-o-q) continued its downward trend, falling across all major regions.

 

- Capital value growth in Q2 2020 shows a gain in momentum in Industrial (0.7% q-o-q), and a drawback in Office (-1.7% q-o-q) and Retail (-4.5% q-o-q). Office and retail capital values reported its largest quarter-over-quarter decline since 2009.