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Foreign Investment May Soon Turn Around

NEW YORK CITY-A new report suggests the market may soon see a surge of overseas money, despite a recent decline in financing from such sources.

By Rayna Katz | Updated on August 19, 2013

NEW YORK CITY-Those seeking foreign capital may soon be in luck, according to Brookfield Financial. The firm is reporting that—despite a recent dip in foreign capital infusion into the New York real estate market—the declining trend should turn around by year-end because, “interest from investors across the globe remains high,” according to the newly released Brookfield Financial “Second Quarter I.Q. Office Market Observations” report.

Foreign capital has accounted for almost $11 billion of investment in Manhattan office real estate since the beginning of 2012, the report states. However as of the end the second quarter of this year, investments have decreased more than 26% year-over-year based on a four quarter rolling volume, according to data from Real Capital Analytics.

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