The Los Angeles area industrial market is still having its moment, and the draw isn’t just from U.S. investors. China and Canada are also big buyers. Industrial investment from China and Canada reached an all-time high in the U.S., accounting for 70 percent of 2018’s total foreign investment.
Total foreign investment almost tripled last year in the L.A., Orange County and Inland Empire industrial market, crowning the region No. 1 in the U.S., according to a report from CBRE and Real Capital Analytics.
The top five U.S. markets for industrial real estate last year were: L.A. with $910 million; Dallas/Ft. Worth with $849 million; Chicago with $618 million; Atlanta with $475 million; and New York City with $414 million. Miami was out of the top 5, but still saw $330 million in overseas investment.
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