The Americas – and the US in particular – stood out in attracting private wealth transactions for commercial real estate in a period from 2013 to 2014, figures from JLL, aka Jones Lang LaSalle, said in a new report.

Private wealth contributed a “formidable” $1.5 trillion in private deals into the world’s commercial property market between 2013 and 2024, with the Americas taking the single largest chunk, figures from real estate group JLL says. 

And the findings illustrate how private wealth is an increasingly important part of the real estate investment jigsaw puzzle.

New York-listed JLL tracked investments – comprising high net worth individuals, family offices, family-owned businesses, and selected private developers and property companies – deployed into global commercial real estate via direct deals.

"We're witnessing an increasingly diverse investor base looking to deploy capital into commercial real estate, with private wealth one of the fastest growing segments," Richard Bloxam, CEO, Capital Markets, JLL, said. "This class of investor is becoming one of the most active and influential participants in real estate, complementing the strengths of traditional institutional powerhouses. In the coming years, we expect private wealth participation to continue to increase via direct investment in property and operators, indirect investment in private real estate funds as well as taking other positions in the capital stack.”

Between 2013 and 2024, the Americas attracted $643 billion in capital. During the same period, Europe, Middle East and Africa commercial real estate received private wealth investments of $566 billion and while Asia-Pacific saw direct deals worth $318 billion.

The US proved to be the most popular investment destination over the decade drawing 40 per cent of all private wealth investment volumes in commercial real estate, ahead of the UK (10 per cent), Germany (7 per cent), Australia (6 per cent) and Hong Kong (4 per cent). Japan, France, the Netherlands, Canada and Sweden rounded out the top 10 recipients between 2013 and 2024.

Offices were the top choice, attracting $464 billion in capital. Living assets also attracted investors, drawing $359 billion of capital. During this period, private wealth investors were also active in retail ($282 billion), industrial and logistics ($185 billion) and hotels ($174 billion).