Foreign buyers accounted for 41% of all commercial property investment in the Boston Metro during the first half of 2017, according to a recent article in Boston Bisnow. Since 2010, foreign investors have made $6.7 billion worth of commercial property acquisitions in Boston.
While the strength of the U.S. economy draws global investors, there is a very simple reason why Boston is among the top choices for foreign buyers of commercial real estate. Namely, the plethora of global destinations available through flights at Logan International Airport.
Logan offered 26 international destinations as of 2006, including flights to the most populous and prosperous cities in the world. This helped put Boston on the map with global investors a decade ago.
By April 2019, Logan will offer flights to 50 international destinations, featuring an impressive variety of Asian and European locales. Logan is one of only six U.S. airports to offer such a wide array of direct international flights.
The accessibility of international air service has enabled foreign buyers to conduct Boston commercial real estate investment with relative ease. With more international service expansions on the way, Boston’s appeal to foreign capital is likely to grow!
When you are ready to begin, relocate or expand your business, team up with the Jay Nuss Realty Group, LLC! Whether you are thinking of buying or leasing Boston Metro commercial real estate, we can help you find the ideal property.
Contact us today for expert guidance!