New York City tops Winning in Growth Cities report
Cushman & Wakefield has released its third annual Winning in Growth Cities report. The report identifies “winning” cities in the current international real estate investment market by looking at the largest and fastest-growing cities in terms of investment and price differential as well as cross-border demand and activity. This year’s report has been expanded to also include investment trends by property sector, specifically the office, retail and industrial property sectors.
According to the report, the global real estate investment market saw volumes increase by 16.7 percent to US$649 billion since second quarter 2012. The top 25 global cities saw their market share rise from 53 percent to 55 percent, with volumes increasing 20.7 percent, compared with only a 12.1 percent rise elsewhere. The composition of the top 25 is much the same as in the previous year besid