United States:
Brexit Effects On The US Real Estate Landscape
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In a Law360.com article published on July 12th
titled "4 Ways Brexit Could Shape The US Real Estate
Landscape," Andrew McIntyre of Law360 looks at four ways
attorneys say the Brexit could play out in the following US real
estate market areas:
- Office investment
increases
- Lower interest
rates
- Declining US hotel occupancy
rates
- Luxury residential gets a
boost
Concerning the office sector, the U.S. commercial real estate
market has for some time benefited from an influx of foreign
capital as investors view U.S. real estate as a safe investment
haven, and the turmoil and uncertainty post-Brexit could result in
even more capital flowing into U.S. office properties, lawyers
say.
"The uncertainty that's currently been created in the
London market will tend to benefit those coastal markets of the
U.S.," said
Simon Adams of Reed Smith LLP, referring to markets like New
York, Los Angeles and San Francisco.
The full Law360 article can be found here.
This article is presented for informational purposes only
and is not intended to constitute legal advice.
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