Foreign investment pours into industrial real estate in U.S.: report

Source: Xinhua| 2017-06-25 03:07:58|Editor: yan
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HOUSTON, June 24 (Xinhua) -- Houston's industrial real estate boom hasn't been enough to woo big foreign investors away from the nation's commerce hubs en masse, local media recently quoted a report.

Avison Young, a fast growing commercial real estate services provider published a report, saying that foreign investment in U.S. industrial real estate jumped 30 percent to 1.3 billion U.S. dollars in the first quarter of 2017 over the same period a year before.

That figure compares with 3.5 billion U.S. dollars in foreign investment for all of 2016.

High demand for warehouse distribution space in the United States, driven largely by high hopes for an e-commerce future, has prompted a boom in direct investment from overseas.

The largest sums landed in traditional ports and rail yards like New Jersey, Southern California and Dallas, which topped the list of incoming investment in industrial real estate.

Warehouse demand has boosted rental rates by more than 10 percent in the past year in markets like Columbus, Ohio; Los Angeles; Nashville, Tennessee; and northern New Jersey.

The report predicted that the trend would continue to strengthen as e-commerce continues to grow and Chinese investors continue to buy up well performing U.S. assets.

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