Boston has been gaining on New York and San Francisco as a market of choice for foreign investors. Foreign investment in office, multi-family, industrial, retail and hotel assets reached $3.1 billion in 2018 – meanwhile, foreign investment in San Francisco fell to $1.6 billion from $3.6 billion, and New York foreign investment dropped by 50%.
Boston has had a higher cap rate than Tokyo, London, New York, and Chinese cities. Employment, education, and public transit are some of the factors that make Boston so desirable.
Foreign investors view the U.S. as a safe place to invest their money, and Boston as a stable, growth-driven economy.