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Foreign Buyers Took 73% of DC Office Deals in Q1

WASHINGTON, DC--CBRE also reports that DC was the third most active office market in the US for cross-border office investment for the quarter.

By Erika Morphy | erikamorphy | Updated on April 04, 2017

Wei Xie

WASHINGTON, DC–At 73%, foreign investors accounted for the vast majority of office investment sales in the District for the first quarter, according to CBRE. That came to $1.2 billion, dramatically outpacing the $393 million dollar amount of cross-border investment sales in the first quarter of 2016. (By the end of the year, though, as most of us remember, foreign investment wound up accounting for 78% of District office sales with the bulk of the activity taking place during the second half of the year).

Another sign of foreign investors favor for the nation’s Capitol: DC was the third most active city for foreign capital investment in real estate, following Manhattan and then Boston.

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