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Foreign buyers invested $85 billion in U.S. commercial assets

Foreign buyers investID-100286135ed more than $85 billion in U.S. commercial assets over the past 12 months, according to a report from commercial real estate services firm Newmark Grubb Knight Frank.

Chinese investors led the total acquisition volume year-to-date, with $7.68 billion, with Canada a distant second at $1.22 billion, says report.

For the past six years, Canada has been the biggest source of foreign capital in U.S. commercial real estate. From the first quarter of 2015 through the first quarter of 2016, Canadian investors spent $27.9 billion on U.S. commercial assets.

22. percent of foreign money has been placed into assets in New York City, with the greatest volume of Chinese, German, South Korean and Japanese funds going to properties in Manhattan.

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