According to research firm Real Capital Analytics (RCA), cross-border acquisitions of U.S. commercial real estate surged to $94.9 billion last year, jumping 73 percent over the $55.3 billion reported in 2017 and nearly on par with the $100 billion recorded in 2015. That spike in volume shows continued confidence in the U.S. real estate market.
To avoid competition from new properties coming on-line, many buyers have turned their attention to secondary markets, where fewer new self-storage facilities have opened. Meanwhile, buyers in overbuilt markets are taking more time to underwrite their deals, double-checking assumptions about future leasing and rent growth.
The New York Times looks at the incentives packaged received by the Hudson Yards project. MarketWatch ranks the best places to live in 2019. These are among today’s must reads from around the commercial real estate industry.
