According to Karin Shewer, principal of Real Estate Capital Partners and the new chairman of Afire, this is the first time since the global city category was added to the survey that a US city has taken first and second spots. It "represents a very strong showing for US real estate," she says.
London, in fact, tied for second place with Washington, DC. However the UK capitol dropped from its number one slot in 2006. Washington, DC rose from No. 4 to No. 2; New York City rose one spot to the top slot, from its previously position of No. 2. Paris is the fourth largest destination of foreign real estate investment. Shanghai has jumped four spots to No. 5, from No. 9 in 2006.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
