Falling values of commercial real estate in the US could lead to an increasing number of investors looking at the sector.
Indeed, Cushman & Wakefield has claimed that investing in the market across the Atlantic is currently much better value that in the UK, for example.
The firm says that this is a result of prices in the US falling harder and faster than in other destinations, while the current exchange rate and weak dollar means that real estate investment bodies can get more for their money
in the country.
"Pricing was held up a little bit in Europe by national investors buying within their own countries, whereas the pull out of capital was much more pronounced in the States," Michael Rhydderch, partner at the Cushman & Wakefield, said.
His comments follow the release of a report by DTZ, which showed that the prime commercial property markets in the US and Asia offer better value than those in Europe and the UK.
- Thursday 16 September 2010