A.D. Cantelmo Property Management
Our Business is Property Management in Orange County California
It’s no secret that foreign
investors, are eager to park their money in U.S. commercial real estate. A new report from commercial real estate services firm Newmark Grubb
Knight Frank breaks down exactly how much money was spent, who was spending it
and what they were spending it on in recent months.
Chinese investors led
the total acquisition volume year-to-date, with $7.68 billion, with
Canada a distant second at $1.22 billion;
For the past six years, Canada has been the biggest
source of foreign capital in U.S. commercial real estate. From the
first quarter of 2015 through the first quarter of 2016, Canadian
investors spent $27.9 billion on U.S. commercial assets;
A disproportionate volume of foreign money (22.0
percent) has been placed into assets in New York City, with the
greatest volume of Chinese, German, South Korean and Japanese funds going
to properties in Manhattan.
The outliers included investors from Singapore, who
showed a preference for properties in Los Angeles and Phoenix, Swiss
investors, who spent the most money in Portland, Ore., and investors from
the U.K., who favored Philadelphia.
By total volume of foreign funds invested, the closest
contenders to New York City were San Francisco/San Jose, at 7.6
percent, and Los Angeles, at 5.1 percent.
In recent months, however, foreign investors have been
increasingly purchasing properties in secondary markets, with Charlotte,
N.C. experiencing the most significant increase in transaction volume
in the first quarter of 2016, at 29.8 percent.
A.D. Cantelmo Property
Management Specializes in Property Management in Orange County
Ca.