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.
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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).