According to a recent survey by the National Association of Realtors, Asian interests dominate foreign commercial real estate investment in both Canada and the United States.
According to the study, 47 percent of Canadian respondents and 41% of Americans said their foreign clients were from Asian countries. شقق للايجار في قطر
"Commercial real estate has evolved into a multinational industry, and Realtors from across the United States and Canada now represent clients from all over the world on a daily basis," said NAR President Chris Polychron. "While all real estate is local, not all buyers are local," according to the survey.
According to the study, 45 percent of commercial real estate agents in Canada have seen a rise in foreign clients. In the United States, more than a third of respondents (36%) saw a rise in foreign investment.
According to the study, 22.5 percent of foreign clients in the United States come from Europe, 21% from Latin America, and 20% from the Middle East. According to Realtors in Canada, the Middle East accounted for 18% of foreign commercial real estate spending, followed by Europe (17%) and Latin America (5%). It's worth noting that the United States and Canada appear to have the most cross-border commercial real estate investment.
International investors poured money into North America in large amounts, almost $13 billion in the second half of 2014. Asian investors put $5.7 billion into real estate, followed by $4.8 billion from Europe, $1 billion from Oceania, and $390 million from Latin American investors.
In both the United States and Canada, the survey found that demand for office space is changing. Commercial clients are searching for more accessible office environments, with less personal space for employees and more shared space; 40 percent of Canadian respondents and 45 percent of American respondents said their clients want more open space in their offices.
There is also a shift in the position of office spaces. The majority of investors in Canada are interested in property in cities with populations of more than one million people. Investors in the United States, on the other hand, have started to shift away from larger markets and toward secondary and tertiary markets; more than one-third of respondents in the United States said they are involved in markets with populations of less than 750,000 people.
The survey was conducted in partnership with the Canadian Real Estate Association and with the support of the CCIM Institute and the Institute of Real Estate Managers. Almost 3,000 Realtors responded to questions about their foreign commercial clients and the perceived improvements in office space demand and usage.