The spread of negative interest rates throughout the globe is puffing up the chests of U.S. commercial real estate as a strong asset as foreign investors chase yields. But that could soon turn into the overinflation of a bubble as the rush of investors pushes up pricing.
Foreign investors have purchased more than $60B in U.S. commercial real estate from the third quarter of 2018 until the third quarter of this year, Real Capital Analytics reported, with $25.5B coming from Canada and another $17B from Europe. That inflow, along with overall demand from investors in the…
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