The San Jose metro area tops the list of secondary markets for CRE investment, according to new research from Trepp.
The region, which includes Sunnyvale and Santa Clara, Calif., ranked first in Trepp's recent roundup of real estate investment thus far in 2021, outpacing the Las Vegas-Henderson-Paradise and Sacramento-Roseville-Arden, Calif., regions.
San Jose reclaimed its top spot from 2018, and was the MSA with the highest level of new CMBS issuance, with more than $3.3 billion invested across 41 loans since March 2020. About 80% of that total came from 32 loans issued in the office sector in 2020.
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