Canada was the number one source of international direct investment in US commercial property over the last year, keeping with a typical trend.
"Canada's leadership in the space reflects not only the ease of access to the US market but also the cultural comfort between the two countries and the comparative ease of moving capital into the US," notes Marcus & Millichap's John Chang,
But the last year has also seen a "big upswing" in foreign investment into US commercial real estate, he says, hitting a total of $72 billion over the last 12 months. That's double where it was at the height of the pandemic in late 2020 but still shy of the $100 billion peak set in 2015.
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