Foreign investment increases 30% in industrial real estate
Foreign investment in U.S. industrial real estate jumped 30 percent to $1.3 billion during the first quarter of 2017 over the same period a year before, according to Avison Young.
Canada is ranked the number one buyer for U.S. industrial real estate, totaling $831.1 million during the first quarter 2017.
Chinese investors emerged as a top player in the U.S. industrial real estate, according to a Bisnow article. The amount of capital being deployed by Chinese investors totaled $284.9 million during the first quarter 2017, compared to $5.2 million in completed deals during the first quarter 2016, a 540 percent increase year-to-year.
Demand for quality space and e-commerce will fuel industrial market.
Landlord-favorable conditions persisted in the U.S. during the 12-month period ending March