Foreign Capital Continues to Flood into L.A.

Tom Bohlinger is an EVP at JLL.

LOS ANGELES—Over the last five years, foreign investors have invested more than $9.7 billion in Los Angeles office properties, with the funds concentrated downtown and on the Westside, according to research from JLL. The capital has been flooding in from Asia as well as Canada, Europe and the Middle East. This year, experts don’t expect the demand from abroad to wan as the US economy strengthens and opportunities remain available.

“This capital is attracted to the strong and diversified US Economy,” Tom Bohlinger, EVP at JLL, tells GlobeSt.com. “L.A. is a top gateway market that benefits from very strong drivers in tech and entertainment, and yet is also extremely well diversified. Los Angeles is still in the expansion phase with room to run, and values are very attractive in relationship to other gateway markets. In fact, in 2016, Los Angeles saw a 60% increase in international capital making it the 4th largest recipient of cross boarder investment in the world.”