According to the 23rd annual survey among members of the Association of Foreign Investors in Real Estate (AFIRE) The U.S. overwhelming remains the most popular place in the world among foreign commercial real estate investors. The top global market for foreign investment in real estate returned to its accustomed New York City after being briefly displaced in 2014 by London. According to the survey conducted during the fourth quarter of by the James. A Graaskamp Center for Real Estate at the Wisconsin School of Business, San Francisco maintained the number 3 spot globally this year while both Tokyo and Madrid moved the top five at numbers 4 and 5 respectively. In 2016 and beyond two-thirds of survey respondents expect China to become the largest source of capital into the U.S. Based on the report over the next 12 months international investors expect increase in volumes.
Excerpts from the Article:
The U.S. overwhelmingly remains the most popular place in the world among foreign commercial real estate investors to place capital, according to the 23rd annual survey among members of the Association of Foreign Investors in Real Estate (AFIRE). New York City returned to its accustomed spot as the top global market for foreign investment in real estate after being briefly displaced in 2014 by London. With the exception of last year, New York has held the top rank both globally and among U.S. cities since 2010. San Francisco maintained the number 3 spot globally this year while both Tokyo and Madrid moved into the top five at numbers 4 and 5 respectively, according to the survey conducted during the fourth quarter of by the James A. Graaskamp Center for Real Estate at the Wisconsin School of Business.Citation and link:
Drummer, Randyl. “NYC Recaptures Top Global Investment Market in Foreign Investor Survey.” CoStar News., 07 Jan. 2015 Web. 12 Jan. 2015.