therealdeal.com – The U.S. commercial property market may be showing signs of slowdown, but that’s not stopping Chinese investors.
Firms based in the country spent a hefty $9.3 billion on a total of 47 American commercial real estate properties so far this year, more than doubling the second largest national contingent, Canadians, who spent about $4.2 billion.
The Chinese investors’ total already far exceeds last year’s tally of $6 billion spent on U.S. commercial properties, the Wall Street Journal reported, citing Real Capital Analytics data. (A report from the Asia Society, however, pegged Chinese investment in U.S. commercial real estate in 2015 at $8.5 billion, a record.)
Categories: Real Estate