Any type of real estate transaction can come with risks and rewards. Commercial real estate may have more at stake because it tends to involve business aspects as well. When a foreign investor is also involved, there can be a lot of important information to consider. Some New York readers may be interested to know that commercial real estate investments often involve foreign clients.
A recent report from the National Association of Realtors indicated that approximately one-fifth of NAR members closed on a commercial real estate transaction that involved a foreign client last year. Apparently, foreign investors tend to gravitate more toward smaller commercial real estate markets because many of the closing deals came in under $2.5 million. It was also reported that 35 percent of NAR realtors saw an increase in their international clientele over the last five years.
The chief economist for the NAR believes that this increase could be due in part to improvement with the world economies. He also went on to state that commercial real estate tends to be a solid investment. The report also indicated that many of the NAR members believe that international commercial real estate deals will increase this year.
Completing a commercial real estate transaction as a foreign investor can be difficult. However, this type of venture could prove beneficial and lucrative to interested parties. If international clients are interested in purchasing commercial real estate in New York, they may wish to consult with experienced attorneys regarding their legal options for conducting this type of endeavor from overseas.