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New York Leads in Commercial Real Estate Investment, Moscow 23rd
09.10.2012 15:52 / Interfax
The agency`s Winning In Growth Cities report estimates the total commercial real estate investment in NYC for the year ending in July at $34,7bn, 18,9% up from 2010-2011 YOY. London is second with $29,3bn (up 3,8% YOY). Tokyo came third with total investment in commercial real estate of $23,9bn. Other Top 5 runners are Paris ($19,4bn ) and Los Angeles ($17bn).
Moscow is #23 out of 25. The amount of investment in commercial real estate from June 2011 to June 2012 is $5,2bn, 14,9% lower than in 2010-2011. The city is #13 in Shopping space investment ($1,34 bn invested), #17 in Office space ($2,9bn), #18 in Storage space ($694,7bn).
Most foreign investment, $19,6bn goes towards London. Moscow is #25 in this category with $1,27bn.
The 25 cities ranked by Cushman & Wakefield account for 56% of all commercial real estate investment in the world, whereas in 2010-2011 the ratio stood at 53%, and three years ago - 49%.
Investment in major cities is up 5,6%, while the total commercial real estate investment volume in the world increased by a mere 0,8%.