Since the coronavirus disease 2019 (COVID-19) pandemic, cities such as Seoul, South Korea; Miami, Florida; and Oslo, Norway, have been highlighted as strong recovery and long-term stable investment destinations.
Mastyn Asset Management, a company specializing in alternative investments, noted that it published a report titled "Beyond the Barriers: 2025 Global Commercial Property Market Outlook," which contains this information on the 4th.
This report analyzes the potential for recovery and investment opportunities in the global commercial property market amid ongoing uncertainties in the global financial market, presenting strategic directions to secure investment stability from a medium- to long-term perspective.
In particular, the report revealed the "Global Resilience Score," which was calculated by comprehensively considering vacancy rates, rental prices, and price fluctuations to evaluate the recovery of office markets in various countries following the COVID-19 pandemic.
Based on this, it compared regions with high future investment attractiveness with cities that have relatively more opportunities and risks, quantitatively assessing the resilience and growth potential of each city. Seoul, Miami, and Oslo were rated as "Exceptional," characterized by strong resilience and long-term stability, with expectations of continuous revenue.
The Research and Strategy (R&S) division of Mastyn Asset Management combined the analysis of urban resilience and future growth potential, categorizing global cities into four tiers and evaluating their investment attractiveness. Regions with high city resilience and growth potential, such as Miami, Sydney, Berlin, and Paris, are considered suitable for long-term investment and stable portfolios, while regions with growth potential and high resilience, such as Seoul, Milan, and Dallas, are deemed more appropriate for conservative investment.
Additionally, rental housing has consistently maintained a high investment share and transaction volume, establishing itself as the most preferred sector. As domestic and international uncertainties increase, the preference for safe assets has heightened, resulting in a concentration of new investments in gateway cities in the U.S. and Europe.
In the U.S., a strong performance was evident in the Sunbelt region, which includes Dallas, Atlanta, and Miami. In Europe, transaction volumes in Paris, which benefited from the Olympics, decreased, while investment funds flowed into London, where cross-border transactions have traditionally been active.
It is anticipated that next year, capital flows and growth led by the U.S. will strengthen, but market volatility is also expected to rise due to geopolitical risks and changes in global currency policies. Alongside this, with the advent of the Trump 2.0 era, protectionism and America First policies are expected to increase uncertainty in the global supply chain and trade environment.
Jihyo Jin, director of the Global Research Team at Mastyn Asset Management's Research and Strategy (R&S) division, stated, "The global commercial real estate market is expected to enter a recovery phase in the second half of 2025, necessitating a strategic approach that balances stability and growth potential," and added that amidst the rapidly changing macroeconomic environment, the Total Portfolio Approach (TPA) asset allocation method that considers the entire portfolio will receive more attention in alternative investments.
Meanwhile, Jihyo Jin leads the Global Research Team of Mastyn Asset Management's R&S division. She built her career at Samsung Life Insurance and Samsung SRA Asset Management and holds a master's degree in economics with a major in currency policy from the Barcelona School of Economics. Jin is recognized as a leading expert in global commercial real estate research and publishes an in-depth report analyzing the global real estate investment environment annually.