In years past, U.S. commercial real estate property owners could count on healthy inflows of capital from foreign investors eager to tap the country's market fundamentals. Recently, those investments have dwindled and last year cross-border investment in this country fell to its lowest level in a decade, according to Colliers Capital Markets.
How bad were the numbers? Foreign capital invested in the U.S. totaled $34.8 billion, which was a 53% decline from the prior year.
Net acquisitions were -$12 billion. The report cited elevated inflation, rising interest rates, a strong dollar and geopolitical strains as the reasons. The trend was widespread with all major investment regions being net sellers.
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