Can the US commercial property market sustain record prices?
New York — Commercial real estate prices, hovering at record highs in the US following a six-year boom, are sustainable even as Chinese regulators tighten restrictions on overseas investment, according to Brookfield Property Partners. There is enough capital pouring into real estate from multiple regions — including Europe and the Middle East — to counter any potential slowdown in Chinese investment, Brookfield Property CEO Brian Kingston said in a Bloomberg Television interview. While Asian buyers are often part of the equation, a global shift from low-yield fixed-income holdings to real estate will drive property values for the foreseeable future, he said. "There was a lot of headlines around how much capital was coming out of Asia," said Kingston, a senior managing partner at Brookfield Asset Management, the parent company of Brookfield Property. "The reality is it’s broad-based. It comes from a lot of places." Price growth for US commercial buildings such as office towers and ap...
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