The Empire State Building (R) standing upright view of midtown Manhattan in New York, October 15, 2011.
NEW YORK (Reuters)-the United States will remain the choice for commercial real estate investors the most globally in 2012, but the country has lost ground to Brazil’s no. 2 ranking this year, according to a survey released Sunday.
While the United States offer the most s and secure options in commercial real estate, investors said the improvement in rent and occupancy growth and foreign investment tax repeal 1980 will have the strongest impact their investment decisions, according to an annual survey of 20 Association of foreign investors in Real Estate (AFIRE) members.
For about the past year or so, commercial real estate investors in the U.S. has focused on the gates of cities like New York, Washington, Boston, San Francisco and Los Angeles, driving the price up and down results.
Meanwhile, commercial properties in Brazil, with the bubble economy and the investment environment more secure, has become a hot spot for global investors. The largest cities in Sao Paulo, Brazil, the fourth-best jump to real estate investment dollars by 2012, up from 26 last year.