According to Cushman & Wakefield's annual Winning in Growth Cities
report launched today at EXPO REAL trade fair in Munich, low global
interest rates and ongoing risk are luring investors towards commercial
property markets in core global cities, with New York attracting the
most investment during the last year. The top 25 global cities have in fact strengthened their lead in the past year - increasing their market share to 56% from 46% in 2009. However while this dominant group will continue to be favoured by investors for their risk averse characteristics, they will in the future face increasing competition from a host of other cities according to the report.
Cushman & Wakefield's report highlights include:
- New York is the largest global investment market for second consecutive year - with volumes rising 18.9% to US$34.7 bn in the year to Q2 2012
- London took second place with 3.8% growth in investment volumes to US$ 29.3 bn (18% less than New York)
- Tokyo, Paris, Los Angeles and Hong Kong round out the top 6. Los Angeles took top spot for investment in industrial, Shanghai for development sites and Hong Kong for retail.
No comments:
Post a Comment