Foreign investors’ insatiable appetite for US properties extended throughout 2013, with international capital flows into the sector reaching a fresh high.
Last year the world’s largest economy maintained its position as the top destin-ation for direct commercial property investment by foreigners with $38.7bn pouring into the country, according to a report from brokerage Jones Lang LaSalle. The total was up 44 per cent on 2012.
Canadian, Chinese and Australian investors led the charge, with investors targeting top-tier areas such as Manhattan, Los Angeles and Chicago as well as secondary markets including Houston, Dallas and Seattle.
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