New York Bumps London As Investor Magnet

NEW YORK CITY-As overseas investors continue their flight-to-quality in core markets, new research from Cushman & Wakefield shows that New York ranks number one as the world’s fastest growing city for commercial real estate investment for the first time since 2007, bumping London out from the top slot this year. The UK city ranked in at second place, followed by Tokyo, Paris and Hong Kong.

Manhattan regained its top title based upon a 165% increase in investment activity year-to-date, driven by investor demand for core assets, stable income and diverse product type. “New York is the largest US market, so it is the easiest place to find opportunities,” Nat Rockett, executive vice president at C&W, tells GlobeSt.com.