BOSTON–The global search for yield and portfolio diversification is driving more foreign investors to the Boston net-lease real estate market, according to the latest research from CBRE.
Boston, along with New York City, San Francisco, Dallas/Ft. Worth, Columbus and Los Angeles, received the most foreign capital out of all U.S. cities last year.
In 2018, foreign investment in the Boston market reached $3.5 billion (up from $2.7 billion in 2017). Additionally, Boston ranked as the #10 market in the U.S. for overall net-lease investment totaling $1.71 billion in 2018.
“With the recent decrease in interest rates, net-lease investors continue to have a strong investment appetite in the Boston market,” said Douglas Jacoby, Executive Vice President, Capital Markets, CBRE. ”In addition, numerous investors look at net-lease assets for security, considering how long this economic cycle has played out.”
In the U.S., foreign investment in net-lease assets—comprising office, industrial and retail properties—reached $1.9 billion in Q1 2019, up by 6.6% from Q1 2018’s total. International investors accounted for an even larger share of net-lease investment (15.1%) in Q1 2019 than the same period last year (12.9%). Foreign investment in net-lease properties has averaged more than $8 billion annually over the past four years from about …
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