Miami, FL – July 19, 2016 – Over the past two years, cross-border capital flows into the U.S. have risen dramatically and in 2015 foreign investment in South Florida commercial real estate hit its highest rate in at least nine years, according to a new report by CBRE Group, Inc. Last year, Florida ranked fourth in the nation in terms of cross-border investment volume and the state improved to rank third in Q1 2016.
Foreign buying is projected to cool slightly in 2016 relative to 2015, but remains elevated relative to historical rates.
The report, “Florida: A Destination for Global Capital,” describes the factors that are attracting foreign investors to Florida – factors including the state’s rapidly growing population and economy, the powerful global brand of its major cities, and strong cultural and economic ties to Latin America and beyond. In 2015, cross-border capital flows into Florida reached $4.3 billion, a high-point for the cycle thus far and up 85% over 2014. In South Florida, foreign capital surged in 2015 with nearly $2.6 billion in sales volume. The 2015 total represents a 65% increase over the previous year.
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