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Foreign Investors' Interest Remains Strong

Many investors in the office sector have gone hunting for deals in secondary cities, but overseas buyers still like Chicago.

By Brian J. Rogal | Updated on December 13, 2017

To date, investors from China lead the pack – spending $375.5 million to purchase 10 properties in the Chicago area.

CHICAGO—A few years ago, American investors in office properties went on a buying spree in the Chicago metro area. Their interest has cooled somewhat as prices have increased in Chicago and other gateway markets, and many have now decided to focus on quality assets in secondary markets. However, Chicago remains on the radar screens of foreign investors that look to US commercial real estate for investment safety.

According to data from Transwestern, 2017 is on track to have at least 20% of the total volume of investment, (with a net volume of about $308 million as of mid-November), be from foreign buyers. Chicago received a net volume of over $231.3 million in foreign investment in 2016, accounting for 12% of the total investment in Chicago office properties.

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