A recent article published by The Registry reveals that Seattle has now tied with New York as the third most popular market for investment properties, behind only Dallas/Fort Worth and Los Angeles/Southern California, according to the 2018 CBRE Americas Investor Intentions Survey. Nearly half of all investors surveyed indicate they’ll increase their level of acquisitions in the U.S. in the coming year, with 88 percent planning “to either maintain or increase spending,” a number up from last year’s 83 percent.
“Despite the possibility of escalating interest rates, the vast majority of investors intend to acquire assets in the Americas in 2018,” Brian McAuliffe, President, Institutional Properties, Capital Markets, CBRE tells The Registry. “Risk tolerance is expected to remain unchanged, but investors’ search for yield and asset diversification is pushing them toward value-add assets, secondary markets and alternatives’ in 2018.”
U.S. gateway cities continue to garner interest, and Seattle’s rank has continued to rise. Though the city did not register within the top gateway markets just two years ago, economic growth has pushed the Emerald City into the top three.
Value-add remained the top investment strategy, as “industrial is increasingly the preferred property type, cited by 50 percent of investors as the most attractive for investment in 2018, up from 38 percent in 2017. Multifamily (20 percent) and office (14 percent) are the next attractive property types, though their shares decreased from last year.”
The Americas Investor Intentions Survey is part of a broader global survey of CBRE clients that is distributed between mid-November 2017 and January 2018.
🔹2018: Design 30% Complete
🔹2020: Design Complete
🔹2021: Construction Begins
🔹2022: Overlook Walk Opens to the Public