Those are my principles. If you don’t like them I have others.
~Groucho Marx (1890-1977)
BY MARILYN ALVA, INVESTOR’S BUSINESS DAILY 08/06/2015 03:09 PM ET
Manhattan and London continued their reign this year as the top two cities worldwide for commercial real estate investments, according to a midyear review by Real Capital Analytics.
The Big Apple’s appeal on the world investment stage made New York City the No. 1 global market in commercial real estate volume in the first six months of 2015. Sales volume totaled $36.8 billion, up 59%. London followed at $29.7 billion, for a 48% gain over the prior year.
“London and Manhattan are continuing to increase their share of global flows while other major markets are losing out to smaller cities,” noted RCA in its midyear report.
These top-two markets are attractive to investors from “politically or economically challenged regions,” and perceived by mainstream investors as “the most likely to deliver strong rental growth in the coming years,” RCA noted.
But Tokyo’s sales volume fell 21% in the first half of the year, causing it to drop from No. 3 to No. 5. Paris was off 34%, Sydney was down 20% and Hong Kong down 26%.
On the other hand, South Florida, led by Miami, saw volume jump 88% to $7.1 billion. Orlando surged 280% to $3.8 billion.
Los Angeles, at No. 3, saw volume grow 25% to $16.9 billion, while fourth-ranked San Francisco’s jumped 30% to $15.9 billion. Chicago (No. 6) and metro Washington, D.C. (No. 7) saw gains of 94% and 37%, respectively. Dallas, Atlanta, Boston, Seattle and Houston also saw double-digit increases.
RCA noted that a number of U.S. cities have moved up in the rankings in recent years as the U.S. investment-market recovery took hold. It cited Miami, Chicago, Atlanta and Boston in particular.
Income producing real estate transactions worldwide grew 17% to $420.3 billion, RCA said. The survey covered office, industrial, retail, apartment and hotel sectors.
Apartment investments saw the greatest growth in transactions, up 40% in the first half vs. the prior year, followed by hotels (up 36%) and industrial (up 29%). Office volume rose just 2%.
Countries leading in total transactions in the first half of 2015 were the U.S. (up 43%), the U.K. (up 25%), Germany (up 10%), Australia (up 9%) and China (down 26%).
“Many U.S.-denominated investors are finding that Europe, in particular, offers better value than last year,” the report noted. Investments in Norway, Spain, Italy and Finland showed big gains, but France was down sharply.
New York-based Blackstone Group (NYSE:BX), the world’s largest private equity firm, led the list of top-20 global buyers and sellers in the first half of the year. Other top buyers included Prologis (NYSE:PLD), Starwood Capital Group and Brookfield Asset Management (NYSE:BAM).
Read More At Investor’s Business Daily: http://news.investors.com/business/080615-765433-top-global-commercial-real-estate-markets.htm#ixzz3i9ac4u8O
I am actively looking to build relationships with Real Estate Investors and Owner / Users for Phoenix – Scottsdale – Tucson – Maricopa County – Pima County – Pinal County – Cochise County – Santa Cruz County –Yavapai County – Gila County – Arizona , USA
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WHY PHOENIX ARIZONA : ???
http://walter-unger.com/?p=13391
1
Timeline of Phoenix, Arizona history
http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history
2
http://en.wikipedia.org/wiki/Phoenix,_Arizona
3
Facts of Arizona – year 1848 to 2013
http://walter-unger.com/?p=9507
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Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. I am also a commercial land specialist in Phoenix and a Landspecialist in Arizona. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
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Walter Unger CCIM
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Phoenix, AZ 85016
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