With global capital flowing into U.S. real estate, it’s a great time to dive in to certain sectors, including the office market.

A confluence of global economic trends makes 2016 a compelling year to diversify investment portfolios into U.S. commercial real estate—especially if linked up with professional managers who can target premium opportunities, particularly in markets now getting on to investors radar, such as select suburban office properties.

Markets like this have solid fundamentals, including net positive absorption, vacancy rates less than 15 percent for the first time since 2007, rents rising across all property types and limited new supply.

With global stock markets dicey, investors worldwide are hunting security and return—yet 10-year U.S. Treasuries offer a scant 1.7 percent yield while other government entities less. Not surprisingly, today we see international cash pouring into quality properties in the United States.

There are many compelling factors for foreign investors, including the effective currency hedging in U.S. property. U.S. assets will appreciate and generate income in dollars, balancing national currency risks. Low interest rates are expected to continue. The U.S. unemployment is close to 5 percent and generally falling, with 65 consecutive months of job growth. The oil slump will cause headline sector troubles, but in general is a tax cut on America and an economic elixir, an aspect temporarily overlooked.

Within a better major economy, the U.S. real estate market is particularly attractive, as demand is more often outstripping sticky new supply. Real estate does reflect certain aspects of the macro economy – but is also boosted by certain cyclically strong sectors and robust local markets and factors. Underpinning this solid growth cycle are many local factors that have constrained new supply. These include everything from local zoning laws to a lack of available land. Eastdil Secured recently reported that the U.S. supply of office space is 30 percent below historic norms.

In addition, about 92 percent of leasing activity is either stable or growing. half of the new supply will be delivered this year, while next year has been pre-leased.

About 82 percent of the top 50 markets’ demand will meet or exceed this new supply.

Domestic and global institutional owners are comfortable with Class A urban properties, including office. Asian money, whether flight capital or otherwise, has been evident in Los Angeles trophy properties such like the Wilshire Grand – now the city’s tallest office and hotel tower; the Metropolis- a 6.33-acre hotel, office and luxury multifamily complex under development by Shanghai-based Greenland US; and Seattle’s Columbia Center. the Pacific Northwest’s tallest skyscraper, which was purchased in 2015 by Hong Kong-based Gaw Capital Partners.

Investment activity was up 25 percent in 2015, as compared to 2014. This year is on track to potentially surpass 2007, the historical high year, as well. Foreign investment has increased by 150 percent. Most noticeably, the foreign activity shift to class B has grown from $650 million to $4 billion.

Investor interest is now rapidly expanding into markets and assets types outside of central business districts (CBDs). We can expect a wider range of select U.S. suburban office markets, and choice industrial-warehouse markets this year as buyers become more familiar with U.S. property. The better yields available in secondary markets, with 11 secondary markets (four out West) have more than $1 billion of investment activity.

The picture for suburbia may brighten even more. Jones Lang LaSalle recently reported that office market fundamentals across the US showed no signs of slowdown. Occupancy has grown at a rate that’s 1.3 times faster than new supply, while company expansion into new markets represents nearly 10 percent of total activity. Suburban office markets offer the potential to achieve outsized returns for the level of risk.

Class A rental rates in CBDs 59.1 percent higher than those in the suburbs. These suburban markets are awaiting sharper vacancy reductions as pricing encourages tenants to explore suburban opportunities over the next 12 to 24 months.

The U.S. has earned the worldwide trust of investors. The nation has a relatively stable political climate, deeply established and honored property and contract laws, highly developed professional cadres to facilitate transactions, and a welcoming environment for foreign investment and property ownership.

Emerging nations, including in Latin America, can be buffeted by swings in commodity prices or the vagaries of government. The best approach for serious investors in any market is to diversify internationally to ensure that assets are not tied to any particular national economic, monetary, or unexpected internal or external forces.

The U.S. real estate market is today’s best choice for diversification, the world’s largest and best-performing market that is also the most transparent and liquid, with comparable returns and more equity in deals. As this compelling landscape continues, suburban office space offers one of the best opportunities to stay ahead of the investment curve and the competition.

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Joaquin de Monet, Foundering and Managing Principal, Palisades Capital Realty Advisors