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Foreign Investment in U.S. Commercial Property Drops Almost 50%

  • Global slowdown, uncertainty over rates held back buyers: CBRE
  • Deals in first half totaled $16.9 billion, with Canada leading
Inside The Opening Day Of Hudson Yards
Photographer: John Taggart/Bloomberg

Foreign investment in U.S. commercial real estate plunged in the first half of 2019 as signs of a global economic slowdown made buyers more cautious.

Deals totaled $16.9 billion, down from a record $32.7 billion in the same period last year, according to a report by CBRE Group Inc. Much of the decline was in spending on large mergers and acquisitions, which tumbled 83%, the brokerage said. Individual asset and portfolio sales fell 26%.