El inversor internacional vuelve a confiar en las oficinas

An international investor is once again placing confidence in office spaces, a market severely weakened by the Covid pandemic and the fear of remote work. During the first half of 2026, office spaces attracted $24.9 billion in foreign real estate investment, accounting for nearly a quarter of total global cross-border investment and its highest share since 2022, according to Savills.

The consultancy notes that office spaces accounted for 22% of global cross-border investment in the first half of the year, up from 19% in the same period last year. Retail segment also saw a rise, with $20 billion in investment, increasing its share to 18%, up from 16% in 2025. Major office operations in Asia have contributed to the sector's revival among international investors, backed by sustained demand for quality assets in prime locations, strong income growth, and scarcity of new developments.

Overall, cross-border investment in all real estate segments reached $112 billion in the first half of 2026 worldwide, representing 21% of all activity and its highest level since 2022, according to Savills. Despite geopolitical and macroeconomic uncertainty, international investors maintain their bet on markets with strong fundamentals and opt for greater geographic diversification.

In terms of countries, the United States remains the leading destination for international capital, accounting for 15% of total cross-border investment, followed by the United Kingdom as the second largest recipient with 11%, according to Savills. The concentration of investment in the five major markets has decreased from around 55% before 2020 to approximately 50% in 2026.

In this context, Spain is reaffirming its appeal to international capital and holds 6.5% of total global cross-border investment during the first half of the year.