It's not just that house in a leafy US subdisivision that interests Chinese investors-they may also be intrigued by a storefront in a shopping center,according to new report.
China was the top country of origin in both the buying and selling of US commercial real estate last year,according to the 2017 Commercial Real Estate International Business Trends report,which was released last Tuesday by the National Association of Realtors(NAR).
The top countries of origin for buyers were China (17%),Mexico(14%)and the UK and Venezuela(both at 7%),while sellers were typically from China (17%)or Brazil,Canada,France and Mexico(all at 10%).
"For many global investters - including Chinese buyers - US real estate markets offer portfolio dliversificaion,along with safety of capital and solid yields,"said George Ratiu,NAR's director of quantitative and commercial research and the author of the reportt.
"While top-tier cities like New York,San Francisco and Los Angeles have been attttracting investment for a long time,with a shortage of inventory in those markets,many investors have found fa vorable conditions in mid-tier and small-cap markets."
In an expandind economy like the US,demand for commercial space increases,which helps to atttact Chinese and other foreign buyers,he said.
Source:NAR
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