New York replaces London as top target for foreign real estate capital — survey

2016-10-14
New York

New York is replacing London and is again the most popular city for commercial real estate investment around the world, according to a survey conducted by real estate broker Cushman & Wakefield. The top 25 cities attracted 53.3% commercial real estate spending, which amounted to $1.35 trillion in the year ended June 2016. Cross-border investment flows faster into the US and Asia than to Europe. The top ten sought-after cities for investment is New York, Los Angeles, London, San Francisco, Paris, Tokyo, Washington, Chicago, Dallas and Boston. London dropped to the third place from the 2nd position last year. Other cities moved down in the list include Tokyo and Atlanta. Cities moved up include Los Angeles, San Francisco, Paris, and Boston. Read the full story here.

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