While the largest destinations for cross-border capital into the U.S. have lost momentum in recent years, Boston is gaining ground.
Foreign investment in office, multifamily, industrial, retail and hotel assets have averaged about $2B annually in Boston’s urban core in recent years, but increased to $3.1B in 2018, according to Real Capital Analytics.
In downtown San Francisco, foreign investment fell from more than $3B in 2016 to $1.6B last year. Foreign investment in New York City real estate dropped by 50% between 2015 and 2018. “On the basis and return side, we’re an even more attractive market than New York or San Francisco right now,” CBRE Executive Vice President Scott Dragos said. “Boston has historically been behind, so that’s a breath of fresh air.” Read More.
Looking to learn more about Boston's growing international marketplace? Attend GBAR Global Council's International Connection: Working with International Clients program and hear from industry professionals about their work with foreign buyers, sellers and investors. More Information.