Snapshot: Foreign Buyers Take Bigger Role in Commercial Real Estate
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
Foreign buyers aren’t just holding up residential real estate sales in the city. Data from Cushman & Wakefield show that about one-third of all commercial deals that are under contract and expected to close were from foreign buyers, up from about 12% in 2007. The percentage of institutions buying commercial real estate has also surged, the data show.
