June 24, 2015 Comments Off on Foreign Investors Considering More Inland Assets Views: 708 California News, National News

Foreign Investors Considering More Inland Assets

Foreign investors have usually chosen the gateway coastal markets when purchasing U.S. commercial real estate. San Francisco is the most notable one in California, and they also put their money into Seattle; Washington, D.C.; New York City; and Boston.

Those five cities accounted for $11.3 billion of the $12.1 billion they put toward commercial real estate assets last year, according to JLL.

But that could be changing. More foreign investors are looking at markets such as Denver and other locales that are not on the coasts and considered the traditional “gateway” cities. The reason for this is growing competition for assets in those coastal hot spots.

JLL predicts that foreign investment in U.S. commercial real estate will hit $50 billion this year.

Read More at JLL RealViews

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