International buyers account for 30 percent of real estate sold in Florida. Because the U.S. is still viewed as one of the safest places to invest, it is important to network globally. While globalization may be criticized it cannot be stopped and foreign investors can potentially stimulate our market. It is all about capitalizing on these overseas opportunities. With the growth of REITs and real estate stocks in other countries like Europe and the Americas, there will be more globally diversified real estate exposure. Unfortunately, current figures show no U.S. regions in the top 10 global office market occupancy costs from 2005 which reads: 1) London-West End, 2) Tokyo, 3) London-City, 4) Hong Kong, 5) Moscow, 6) Mumbai, 7) Paris, 8) Dublin, 9) Dubai, and 10) New Delhi.
How are today's figures adding up? Is your real estate business geared for the global market? Your comments are encouraged.
Jessica Benoit
The Burish & Serena Team
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