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Realtors Association of Palm Beaches


 

Florida: No. 1 Destination for International Investors

by RAPB Communications | Jun 15, 2017

The survey results are in! According to the newly released Commercial Real Estate International Business Trends report from the National Association of Realtors®, Florida was the top destination of choice for international investors in 2016. Our Sunshine State represented an impressive 26 percent of buyer side transactions and 38 percent of seller side transactions.

"Florida is a particularly attractive place to live, work, and invest with tremendous upside growth potential for commercial property. This trend is demonstrated by population growth and the growing number of corporations choosing to relocate their headquarters here,” said Scott Field, Director of the Realtors® Association of the Palm Beaches and President of the Realtors® Commercial Alliance of the Palm Beaches and Treasure Coast.

“In Palm Beach County, economic drivers include the rapidly growing medical school, technology, and business programs at Florida Atlantic University, the Scripps Research Institute, the Max Planck Florida Institute for Neuroscience, highly supportive business development and support organizations, and many more innovative firms and institutions that all promote long-term growth," adds Field.

Survey findings also reported that China was the top country of origin for international activity in 2016, representing 17 percent of buyer side transactions and 15 percent of seller side transactions. Other popular countries of origin included Mexico, Canada, France, and Brazil.

“Chinese investment continues to increase in the U.S. year over year. It's not just about diversification to them, it's also about the cashflow, moving money to
places of safety abroad and actually owning land,” said Brian Woods, Director of the Realtors® Association of the Palm Beaches and Chairman of the Global
Business Alliance of the Palm Beaches and Treasure Coast.

“The United States has been, and continues to be, a safe country in the world to invest. We are seeing Chinese buyers rapidly moving into a large percentage of the international buyer mix in the Southeast Florida area,” adds Wood. 

The commercial survey also found that international investors of commercial property prefer cash transactions; 60 percent closed with cash. Meanwhile, 34 percent of the deals involved financing from U.S. sources, 1 percent involved financing from the buyer’s home country, and 5 percent were other sources. 
 
Source: 2017 Commercial Real Estate International Trends

The Realtors® Association of the Palm Beaches (RAPB) is the 6th largest local association in the country representing over 15,000 REALTOR® members involved in all aspects of residential and commercial real estate throughout Palm Beach and St. Lucie Counties. RAPB members are “The Voices for Local Real Estate,” providing consumers with real insight on the homeownership process with data accuracy and market expertise. Many of their members also engage in one or more divisions offered through RAPB, including the REALTORS® of St. Lucie County (RSLC), the Young Professionals Network, and our award-winning alliances, the Realtors® Commercial Alliance of the Palm Beaches and Treasure Coast and Global Business Alliance of the Palm Beaches and Treasure Coast.

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Cecilia Van Wert
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cvanwert@rapb.com

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