It may be hard to imagine any optimism amid the Covid-19 doldrums, but one silver lining is that foreign investors’ appetite for U.S. real estate has hardly subsided. If anything, the appetite of some foreign investors may be more insatiable than ever before.
Yes, the retail and office sectors are in trouble, awash with concessions. Yes, the residential and multifamily markets are hot to the point of being overpriced, despite rent holidays and eviction moratoria. Yes, tenants are in wait-and-see mode, sitting on leases and driving a hard bargain on renewals. However, despite all this, we’re seeing the demand for investment real estate in the U.S. continue to rise for quite some time.