Manhattan Takes Second Place to London in CRE Investment

Despite global financial uncertainty sparked by Brexit—that is, the impending withdrawal of the United Kingdom from the European Union—London retained its title as the world’s top destination for investment in commercial real estate in 2018, according to a new report by global real estate consultants Knight Frank.

In fact, London remains by far the biggest global destination for investment in real estate, as compared with runners-up Manhattan, Paris, and Hong Kong. A large portion of the $21 billion in commercial office investments comes from China, though South Korea contributed a record amount of cash.