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Outbound Investment Steps Up as Foreign Investors Cool on U.S. Properties
Even as the pandemic has curbed foreign investors’ appetite for U.S. real estate by 6% year-over-year, domestic investors are making a stronger push into overseas markets, according to CBRE. The first half of 2021 saw U.S. outbound investment increase by 11% from the year-ago period.
CBRE reported that U.S. investors spent 84% more on overseas industrial acquisitions compared to a year ago. The sector accounted for 42% of total U.S. outbound capital in H1.
The U.K. remained the top destination for U.S. outbound capital in H1 and received the largest share of U.S. investment in every sector except hotel. U.S. investment in the U.K. was up by 128% from the five-year average for H1 in this year’s first half.
The top five foreign markets for U.S. investment (based on total capital from 2016-2020) have seen steadier capital flows during the pandemic than the top U.S. markets for inbound capital, according to CBRE.
- ◦Sale/Acquisition
