Business growth and continued economic expansion has driven the vacancy rate in this market to a record low. While the stock of office space is continuing to increase, Brexit-related firm relocations could add to demand levels in the near term. There are advantages to the increased levels of international investment in the domestic CRE market.
International investors aid recovery in distressed markets, provide increased levels of market liquidity, provide credit where there is a gap in bank lending, and facilitate a greater degree of international risk diversification throughout the financial system.