Cross border investment in the US commercial property markets in Q4 2021 delivered the second strongest quarter on record, at $33 billion. Those dollars were mostly directed toward the industrial and multifamily sectors, which together accounted for two-thirds of foreign investment activity.
International investors have bought about $60 billion in US real estate over the last ten years on average, according to John Chang, Vice President and senior director of research services at Marcus & Millichap. Last year, the total was about $70 billion. The most active year was in 2016, which clocked in at around $100 billion.
Still, Chang says, foreign investment comprises just 10.3% of the total CRE dollar volume on average. Last year, the number was 9.1%.
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