Skip to main content

China Leads World in Buying U.S. Commercial Property

Phil Hall
Jun 28, 2018
Commercial and multifamily mortgage debt outstanding swelled by $52.3 billion in the second quarter, according to new data from the Mortgage Bankers Association (MBA)

Chinese buyers dominated the market of global buyers of U.S. commercial real estate market last year, according to data from the National Association of Realtors (NAR).
 
The top countries of origin for buyers of U.S. commercial property in 2017 were China (20 percent), Mexico (11 percent), Canada (eight percent) and the United Kingdom (six percent). On the flip side, foreign-based sellers of U.S. commercial property were primarily from Mexico (20 percent), China (15 percent), and Brazil and Israel (both at 10 percent). Over 60 percent of buyer-side sales were transactions with foreign buyers who primarily resided abroad, while 57 percent of seller-side transactions were properties sold by clients who were temporarily residing in the U.S. on non-immigrant visas.
 
Florida, Texas and California were the top states where foreigners purchased and sold commercial property last year, with the median international buyer-side transaction at $975,000 and a median seller-side transaction was $1 million; the median commercial transaction was $625,000. Seventy percent of transactions closed in all-cash deals, while 25 percent used debt financing from U.S. sources. Most buyers purchased commercial space for either rental property (39 percent) or for business investment purposes (34 percent).
 
“Since 2016, world economies have regained their footing and have pressed toward higher ground,” said NAR Chief Economist Lawrence Yun. “Global economic output increased in 2017, and commercial real estate continues to be a healthy investment for global investors.”

 
Published
Jun 28, 2018
Pretium Adds 3 Execs With Residential Credit Expertise

New Hires Will Serve As Managing Directors

Industry News
Aug 02, 2021
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021