New York, Los Angeles, and San Francisco lead the list of cities around the world attracting more money, a new report shows, even as global investment in real estate has plateaued in the past year.
The strong performances of U.S. cities resulted in North America posting a gain of almost 13% in global real estate investment in the 12 months ended in June, while cash flowing into Europe and Asia each slid 12%, according to global property brokerage firm Cushman & Wakefield's Winning in Growth Cities 2019/2020 report. Thirteen of the world's Top 25 markets for real estate investment are in the United States, the report found.
Investors across the globe know and trust U.S. commercial property markets in gateway cities such and New York City and Los Angeles that anchor their regional economies, said Robert Paul Fransen, president and managing partner of Coro Realty Advisors. The investment and development firm owns properties across the U.S. Southeast, and invests principally with and wealthy individuals and families based in Japan, Germany, the Netherlands and the United States, and it isn't affiliated with the report.