U.S. Tenant Offering China ‘Fries with That’
As the U.S. commercial real estate market remains uncertain for some tenants, they’re taking advantage of opportunities abroad, most notably in China, whose increasingly bullish real estate market offers more security, especially for franchise tenants, say CRE experts. The fast food giant Burger King Worldwide is slated to open 1,000 new restaurants there soon.
The massive move into the People’s Republic will benefit both Burger King, as it’ll have a significant foothold in commercial space in that country, and China, as such a strong international tenant shows that it’s optimistic about investing in the market there.
Beijing in particular is now welcoming international businesses, an initiative that has the potential to spark demand for both commercial and residential real estate in China—restoring foreign investors’ confidence and eventually raising property prices in both markets there.