DTZ's research and consulting services arm released its quarterly Investment Market Update for Q3 which shows that U.S. investment volumes reached $66 billion in Q3 2014, up 8% from the previous quarter. With the headline "Invest now while pricing remains attractive", DTZ notes that a big share of the activity in eight top markets such as Chicago, Manhattan and San Francisco came from cross-border investments, with signs that investors' interest in secondary markets has perked up.
"The size, attractiveness and liquidity offered by the key eight markets is very appealing to overseas investors," said Nigel Almond, Head of Capital Markets Research at DTZ. "International capital continues to dominate, but we have continued to see interest from Asian investors in particular from China, as well as growth from European sources, with German funds increasingly active alongside the Norwegian Government State Pension Fund."
Although domestic investors continue to dominate investment, over the last quarter the level of activity has dipped. In contrast cross-border investment grew both from the rest of North America, but also from outside of the region. Of note, Non-North American investors stepped-up acquisitions, taking rolling annual volumes to a new post-crisis record of $23.5 billion and net sales posting a record $3 billion over the last year.
To read the full report, click here. For more news and information visit Blumberg Capital Partners.
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