Global real estate investors target 30 cities

TRD New York /
Jan.January 25, 2012 05:30 PM

More than 50 percent of recent global investment in commercial property has been allocated within just 30 cities worldwide, Reuters reported, including New York, Hong Kong, London and Paris.

But the restriction of investments to key global urban centers may not continue for long, according to Jones Lang LaSalle, which said emerging markets such as Mexico City, Delhi, Houston and Istanbul were likely to become contenders for investment dollars in the near future.

Despite the evolution of primary markets however, Jeremy Kelly, director of global research for JLL, said the U.S. is likely to retain its spot as the most likely country to attract investment.

“While the Asian/Pacific story is very compelling, and many real estate players are focusing on the growth opportunities there, we shouldn’t forget the chunkiness, size and growth potential of many U.S. cities,” he said. “They are among the most innovative, and they are huge cities. Eleven of the top 30 in 2020 will be in the United States.” [Reuters]

 

Related Articles

arrow_forward_ios
470 Kent Avenue and Naftali Group’s Miki Naftali (Credit: Google Maps, Gonzalo Marroquin/Patrick McMullan via Getty Images)

Naftali closes on large Williamsburg development site for $100M

Naftali closes on large Williamsburg development site for $100M
JLL CEO Christian Ulbrich (Ulbrich by JP Yim/Getty Images for Women’s Forum of New York, iStock)

JLL slashes jobs in NYC capital markets group

JLL slashes jobs in NYC capital markets group
JLL CEO Christian Ulbrich (Ulbrich by JP Yim/Getty Images for Women's Forum of New York)

JLL predicts coronavirus’ impact to extend past 2020

JLL predicts coronavirus’ impact to extend past 2020
Barry Gosin, Sandeep Mathrani and Christian Ulbrich

WeWork taps JLL, Newmark to help negotiate rent relief

WeWork taps JLL, Newmark to help negotiate rent relief
JLL President and CEO Christian Ulbrich & JLL Global Chief Financial Officer Stephanie Plaines (Credit: iStock, JLL)

JLL still riding revenue wave after HFF acquisition

JLL still riding revenue wave after HFF acquisition
Glenn Tolchin and Yoav Oelsner (Credit: Jll; Getty Images)

Former JLL brokers launch boutique sales firm

Former JLL brokers launch boutique sales firm
AKS Capital Partners Managing Partners Aaron Appel and Walker & Dunlop CEO Willy Walker

Walker & Dunlop acquires Aaron Appel’s AKS Capital Partners

Walker & Dunlop acquires Aaron Appel’s AKS Capital Partners
Clockwise from left: 168-170 Wythe Avenue, 115 North 6th Street and 129-133 Kent Avenue with L3 Capital's Domenic Lanni (Credit: Google Maps)

L3’s Williamsburg retail properties snag $91M refi

L3’s Williamsburg retail properties snag $91M refi
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...