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One key component in today’s thriving global cities is the ability to appeal to tech and digital industries. For property investors, pouring money into tech hubs is of great importance, according to Knight Frank’s Global Cities report.
“The important lesson for today’s property investor, or occupier of business space, is to ensure you are on-the-ground where the creation is occurring, and have limited exposure to the destruction,” Knight Frank chief economist and editor of global cities James Roberts wrote in the report.
Investors have flocked to these 25 global cities, according to Knight Frank, flooding the office, retail, industrial and hotel sectors with more than $322B worth of investments in commercial real estate for the year ending this past June.
Check out where the most money has been allocated below.
1. Manhattan — $40.7B
2. London — $35.9B
3. Los Angeles —$33.1B
4. San Francisco — $25.8B
5. Paris— $23.7B
6. Tokyo — $20.8B
7. Chicago — $16.1B
8. Boston — $14.8B
9. Washington, DC — $13B
10. Hong Kong — $12.2B
11. Shanghai — $11.2B
12. Seattle — $9.5B
13. Sydney — $8.8B
14. Singapore — $6.5B
15. Melbourne — $6.4B
16. Berlin — $6.1B
17. Frankfurt — $5.9B
18. Miami — $5.8B
19. Madrid — $4.9B
20. Beijing — $4.3B
21. Austin — $4.1B
22. Seoul — $4B
23. Amsterdam — $3B
24. Brisbane — $2.8B
25. Dublin — $2.6B
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