Categorized | Commercial

New York Becomes Number One for Commercial Property Investment

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New York’s commercial property market is enjoying a highly successful year, and as such, earned the distinction of having the strongest commercial real estate market across the globe.

In the most recent report from commercial property experts, New York was identified as being the top investment choice with respect to commercial real estate. New York came in ahead of London, Tokyo, and other growing cities across Europe and Asia.

London has been named the number one option for overseas commercial property investors, which significantly contributed to its number two ranking. Despite suffering the effects of the major earthquake that ravaged the nation of Japan, Tokyo has demonstrated strong gains. It remains number three on the list compiled by experts, and has shown very impressive growth in recent months.

In what should be considered good news to the government and real estate agents alike, the United States showed the most impressive growth in the most recent report. Chicago had the biggest increase with respect to the amount of capital involved in the city’s sales.

Europe also showed some strong gains, with Frankfurt coming in as the fastest growing city in the continent.

Analysis of the various commercial real estate sectors shows that London has had the strongest commercial office property sales, whereas Hong Kong has the best performing retail sector. New York is in second place in each of the two categories.

Only five cities fell out of the top twenty-five commercial properties list from last year, and none of those cities are located in the United States. In fact, three of the cities that replaced those five are cites in the United States.

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About Drew Wilson

Drew focuses on the Commercial and Mortgage/Finance categories.

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