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Student housing, hotels and data centers, along with other alternative-property sectors, accounted for a record share of the European commercial real estate market last year.
That’s according to Real Capital Analytics data, which shows the combined sectors soaked up 15% of all property transactions last year, totaling $37.1B — up from 12% in 2015, the Wall Street Journal reports.
Experts say the surge in CRE investment is the result of a low rate environment that’s pushed investors to seek out unique investments to find returns. After years of strong demand increased prices in traditional property sectors, alternative investments stood out as bargains. [WSJ]
