PRLog - Jan. 8, 2013 - BOSTON -- Boston, MA, USA -- The US is leading the way in the bid to attract commercial property investors, according to a report from Association of Foreign Investors in Real Estate (AFIRE), which has been welcomed by Alternative Asset Analysis (AAA).
The annual survey from AFIRE has found that four of the top five cities in the world for commercial property investment are in the US for the first time since the annual survey started in 2001. AAA claims that this suggests that the outlook for the US economy is perhaps even more positive than expected, with businesses keen to move into the country and commercial property deals increases reflecting this.
AAA's analysis partner, Anthony Johnson, said, "Investing in real estate in US cities could bring very strong returns for those looking for alternative investments to balance their portfolios. Real estate, along with timberland, is a good medium to long-term investment prospect and can offer individuals with just a relatively small amount of cash to invest with a significant pension income, for example."
New York was still number one in terms of commercial property investment, with London hanging on to the number 2 spot. However, numbers three, four and five were more of a surprise to investment experts, explained AAA.
San Francisco rose to third from fifth, followed by Washington DC, with Houston, Texas coming in at number five, despite not being ranked at all last year.
"Houston was a surprise to us," James Fetgatter, the chief executive of AFIRE told Reuters. "San Francisco and Houston being in the top five global cities, it shows that this is where our people think the economy is going to revive. They believe these are where the drivers of the economy are going to be - in energy and tech."
AAA advocates alternative investments, such as real estate investment and investment in timberland through sustainable models like those used by Greenwood Management in its Brazilian plantations.
About Alternative Asset Analysis:
The remit of Alternative Asset Analysis is to analyse and provide news on the global performance of a wide range of alternative asset classes including, but not restricted to, commodities, real estate, forestry, foreign exchange, hedge funds, private equity and venture capital.
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