New York and Washington continue to rank as the top real estate investment markets in the U.S., although investment in Washington has slowed, according to Cushman & Wakefield Inc.
The firm’s new report says New York attracted $34.7 billion in real estate investment in the 12-month period ending in the second quarter of 2012, up 18.9 percent from the same period a year earlier.
London, Tokyo, Paris and Los Angeles hold on to the remaining top five markets globally.
Washington ranks eighth globally, and third domestically, behind New York and San Francisco with $13.8 billion in the same 12 month period.
“Washington, along with San Francisco, come in next to New York as an investment destination, but interest in D.C. has decreased because investors are concerned about uncertainties in feral spending and sequestration,” Cushman & Wakefield says.