U.S. Foreign Investments Beat Pre-Pandemic Levels

True Capital Analytics: Overseas buyers have shifted target a little bit from significant cities, but the $70.8B invested in 2021 is the maximum overall given that 2018’s $94.6B.

NEW YORK – As COVID-19 journey limitations commenced to lift last year, foreign buyers flocked again to U.S. commercial genuine estate. International investments exceeded pre-pandemic stages in 2021, in accordance to a new report from True Capital Analytics.

Foreign investors obtained $70.8 billion of U.S. business authentic estate in 2021 – surpassing 2019 and the best full given that 2018’s $94.6 billion.

The nations most represented in international U.S. business investments in 2021 were being Canada, Singapore, South Korea and the United Kingdom, according to the report.

On the other hand, 2021 traders did change their emphasis away from classic investments like place of work structures and hotels in key metropolitan areas this kind of as New York, San Francisco and Chicago. Instead, they were drawn to rising sectors like warehouses, rental residences and specialized business office properties for pharmaceutical companies, The Wall Avenue Journal stories.

Traders also transformed their goal marketplaces, homing in on the Sunbelt and scaled-down markets around coastal metropolitan areas previous calendar year.

“It is a distinct globe,” says Riaz Cassum, global head of worldwide capital coverage for JLL, a business residence firm. “You’re starting up to see big institutional buyers seeking at Dallas, Charlotte, Denver, Nashville, Austin and other large-development, low-tax marketplaces.”

Supply: “Foreign Financial investment in U.S. Commercial Residence Exceeds Pre-Pandemic,” The Wall Road Journal (Feb. 8, 2022) [Log-in required.]