In what should be a boon to the commercial real estate market in Maryland’s D.C. suburbs, Washington regained its position as one of the nation’s top five cities for foreign investment, according to the Association of Foreign Investors in Real Estate’s 2018 Investment Survey.
The survey, released on Monday, placed Washington at No. 4 on its list of the top five cities. The nation’s capital followed Los Angeles and New York, which tied for No. 1, and Seattle, which the survey ranked at No. 3. Washington didn’t make the top five last year after falling to No. 6.
But Washington did continued to decline in the rankings of global cities. D.C. fell all the way from No. 15 to No. 25.
In general, U.S. markets are anticipated to be a magnet for foreign investment as the country remains the most stable and secure for real estate investment, according to the survey. Industrial properties are projected to be the top sector for investment in 2018 followed by multifamily, office, hotel and retail.
Expected growth of online shopping, which drives demand for distribution space, is the primary driver behind bullish predictions for the industrial sector. Industrial reaching the top spot for anticipated investment represents quite a turnaround from 2010, when the sector ranked dead last.