New York City, Washington Continue to Attract Foreign Realty Investors.(Brief Article)(Statistical Data Included)

Next year, foreign investors are planning to increase their U.S. commercial real estate investment activity while decreasing investments in other countries worldwide, according to a survey conducted by the Association of Foreign Investors in Real Estate.

And New York and Washington are among the top U.S. cities these investors are interested in, notwithstanding the recent terrorist attacks on these cities.

These two cities are also on the investors' list of the top five cities worldwide, AFIRE said (the worldwide favorites are London, New York, Paris, Washington and Tokyo).

The top U.S. cities are Washington, New York, Boston, Chicago, San Francisco and Los Angeles.

Multifamily properties, which have most often ranked in second place in the past, emerge as the top choice for foreign investors for 2002.

Office properties fell to second place for the first time since 1994.

Industrial, retail and hotel properties ranked third, fourth and fifth, respectively.