US global investment fell to a seven-year low in 2020 with both inbound and outbound capital flows dropping, according to new research from CBRE. Foreign investment into the US declined by 31% year-over-year to $28 billion, while outbound capital flows declined 29% to $41.6 billion.

Investment from EMEA-based capital in to the US declined the most significantly, down 63% for the year. Investment from both Canadian and APAC capital sources remained stable, with investment from South Korea and Singapore increasing a notable 48% for the year.

Most active foreign capital targeted core assets in tier one markets. Manhattan, Seattle, Atlanta, Dallas and San Francisco were the top markets for foreign investment, but smaller emerging markets also caught investor attention. Indianapolis and the Inland Empire topped the list for the top annual growth rate of foreign investment. Industrial and multifamily were the favored assets among these investors. It is worth noting that UK investment, while not among the top foreign investment sources, increased 10% year-over-year.