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US real estate burdened by weak demand
(MENAFN) with price tags north of $10 million, in New York may not be flying off the shelf, but that need not mean the whole of the US real estate is burdened by lackluster buyer demand.
To do that, investors, many of them institutional funds from the Gulf, have to direct their investments into non-Tier A locations.
"Focus is gradually shifting to secondary markets that provide more growth opportunities, comparable interest rates and more balance between pricing and fundamentals," said Co-founder of Ethika Investments.
"Minneapolis, known as a prominent center for medical technology and research and as home to 17 Fortune 500 companies, is undergoing very strong leasing momentum given the breadth and diversity of its economy."
To do that, investors, many of them institutional funds from the Gulf, have to direct their investments into non-Tier A locations.
"Focus is gradually shifting to secondary markets that provide more growth opportunities, comparable interest rates and more balance between pricing and fundamentals," said Co-founder of Ethika Investments.
"Minneapolis, known as a prominent center for medical technology and research and as home to 17 Fortune 500 companies, is undergoing very strong leasing momentum given the breadth and diversity of its economy."
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