New york attracts more commercial property investors

The global financial crisis and resulting instability have left many international commercial property investors making fewer speculative buys in emerging markets, preferring to put their money into regions with more established regulatory controls. This buying strategy has placed New York at the top of Cushman & Wakefield’s “Winning in Growth Cities” report that measures the biggest commercial real estate transactions. The top 25 cities enjoyed a 48% rise in commercial real estate investment through the third quarter of 2011 and include London, Paris and Beijing. Cities dropping out of the top 25 this year include Vancouver, Sydney, Kuala Lumpur, Taipei and Amsterdam. For more on this continue reading the following article from Property Wire.

Real estate investors are flooding into commercial property markets in core global cities, with New York attracting the most investment during the last year, according to a report from international property consultant Cushman & Wakefield.

With volatility returning to financial markets and uncertainty about the global economy widespread, investors are continuing their flight to quality and are looking for safe opportunities in mature, regulated markets.

The ‘Winning in Growth Cities’ report identifies the largest and fastest growing cities in terms of commercial real estate investment, the difference in pricing, as well as demand and activity within individual sectors based on estimates for the year to the end of the third quarter. New York tops a list of US cities which have enjoyed buoyant demand this year, catching up to some extent with earlier recoveries seen in Europe and Asia. London is the second largest target, but the leader for overseas investors. Tokyo saw activity ease as the disruption of the earthquake, tsunami and nuclear disaster disrupted the market. However, unsatisfied demand is strong and the city held on to third place.

Source: NuWireInvestor.com