The United States led global commercial real estate investment in the second quarter of 2015 with a 30% increase in sales volume, the latest industry research shows.

Despite the debt crisis in Greece and volatility in China’s equity markets, the prelim data from international real estate services firm JLL shows global transaction volumes in the second quarter of the year totaled US$161 billion, unchanged from the same period a year ago.

The Americas, as a whole, posted the best second quarter performance since 2007, at US$79 billion, as the US economy recovers while Russia shows signs of renewed optimism with the strongest level of activity seen in five quarters.

In Asia Pacific, lower transactions in Japan and Australia, the region’s biggest markets, pulled volumes down. In EMEA, transaction volumes were up 11%, measured in local currencies.

‘We can expect the recent decline in global interest rates to support transactional activity for the remainder of 2015,’ said David Green-Morgan, global capital markets research director at JLL

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via U.S. Commercial Real Estate Sales Up 30%