n ” (Reuters)-more than half global investment recently in commercial real estate are finding a home in the cities only 30 by a quarter of spending in London, Tokyo, New York, Hong Kong and Paris, according to real estate services company JonesLang LaSalle (JLL.N).
In a report released on Wednesday, it said it expects the major cities in emerging markets are becoming increasingly a viable competitor to real estate investment dollars, expanding the list of 30 “alpha” city over the past decade.
2020, the list is likely to expand to the top 50 with investments that spread to cities such as Mexico City, Delhi, Guangzhou, Houston and Istanbul, Jones Lang LaSalle said.
The cities that attract global companies, which most often tenants, he said. However, such as improving the quality of the building there is the real estate market is becoming more transparent, and buying and selling easier, this market becomes more safe for investment.