RCA Insights

Chart: US Metros Luring Cross-Border Investors

By on September 4th, 2018

Not all U.S. cities have the same lure for cross-border investors. The New York City metro area pulls in a larger share of cross-border volume in the U.S. than it does overall U.S. investment volume. It accounts for 15% of U.S. cross-border deal activity versus 11% of total activity. The DC metro area also punches above its weight in terms of attracting cross-border capital.

Los Angeles has a nearly equal share of cross-border activity versus total U.S. investment activity; the Chicago and Boston major metros also pull in roughly balanced shares.

Dallas and Houston present an interesting dynamic on relative slices of activity. Dallas captured 4% of all U.S. deal activity but only 3% of cross-border activity. Houston has these figures reversed.

1809 COTW US c-b metros_v2-01

This chart first appeared in the Q2’18 edition of RCA’s US Cross-Border Investment Compendium. If you are an RCA client, log in to download your copy of this report. Not an RCA client yet? It’s easy to contact us.

Jim Costello

Jim Costello

Senior Vice President

Jim Costello has worked in the CRE space on issues of urban economics since 1990, including a 20-year stint at Torto Wheaton Research. Jim expanded the reach of the Torto Wheaton Research team developing forecasts of global market fundamentals. He also developed approaches to pair the forecast results with frameworks to answer investor questions on asset values and relative investment opportunities.

In the aftermath of the Global Financial Crisis, Jim provided advice to the Treasury Department and helped educate these professionals on commercial real estate performance. Jim is a member of the Commercial Board of Governors of the Mortgage Bankers Administration, where he helps policy makers understand the commercial real estate industry.

Jim is expanding the capabilities of the Real Capital Analytics team on issues of real estate market dynamics. Jim has a master’s degree in economics and is a member of the Counselors of Real Estate.