CHICAGO—A few years ago, American investors in office propertieswent on a buying spree in the Chicago metro area. Their interesthas cooled somewhat as prices have increased in Chicago and othergateway markets, and many have now decided to focus on qualityassets in secondary markets. However, Chicago remains on the radarscreens of foreign investors that look to US commercial real estatefor investment safety.
According to data from Transwestern,2017 is on track to have at least 20% of the total volume ofinvestment, (with a net volume of about $308 million as ofmid-November), be from foreign buyers. Chicago received a netvolume of over $231.3 million in foreign investment in 2016,accounting for 12% of the total investment in Chicago officeproperties.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
