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National   /   February 22, 2021

Paul Bubny
By: Paul Bubny

Canada Leads in a Down Year for Cross-Border Investment in U.S. CRE

Even in a pandemic year, some things remain consistent, and Canadian buyers once again led the way for cross-border investment into U.S. commercial real estate, according to the latest edition of Real Capital Analytics’ US Cross-Border Investment Compendium. America’s northern neighbors poured $12.4 billion into U.S. properties, a 10% year-over-year decline.

Total cross-border investment into U.S. commercial property declined 31% Y-O-Y in 2020, in line with the overall U.S. market decline. For the fourth quarter, cross-border flows matched year-ago levels, while investment by domestic U.S. players dropped.

Some stalwarts of cross-border investing pulled back sharply in 2020, with German investment down nearly one-third and Japanese buyers spending 53% less.

Conversely, groups from other countries spent more in 2020 than in 2019, led by South Korea with an 88% Y-O-Y gain to $5.2 billion. South Korean investors put 56% of their U.S.-bound capital to work in the industrial market, says RCA.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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