According to the latest survey published by the Association of Foreign Investors in Real Estate, New York City was voted the most attractive destination for real estate investment dollars coming from outside the United States.

And with good reason — New York City has the largest real estate market in the United States, with more than 550 million square feet of office space. In 2008, the total value of all New York City property was over US$800 billion. Throughout the past 150 years, the city has been one of the most robust and consistent markets in the country. And it continues to grow. One-sixth of New York City has been re-zoned to create additional opportunities for development, with major private and public projects slated over the next five years.

New York City is large and diverse enough to offer many different opportunities for investment in the types of real estate projects targeted by the NYCRC: (office, civic, retail, hotel, restaurant, light industrial, and mixed-use).

New York City is also home to some of the world’s most sophisticated real estate developers. The government of New York City as well as various economic development non-profits are also very active in coordinating and developing large scale projects throughout the city. The NYCRC will be working with both the private, public, and non-profit sectors in selecting financially secure real estate projects that create jobs.