Where Are The Best Opportunities Within CRE Markets

Apartment and Medical Office Buoyed By Fundamentals

• While apartment vacancy rose 190 bps last year and rent growth cooled, the structural shortage of housing in the economy should bolster renter demand I the next 5 years

• The aging Baby Boomer population will aid demand for medical office space as this cohort advances into their 70’s and 80’s

Retail and Industrial Assets Maintain Strong Performance

• Both Single and Multi-Tenant retail have performed well exiting the pandemic, with multi-tenant rents up roughly 10% since 2019

• Industrial assets have some construction risk, but with the majority of new inventory coming online in just 10 metros, it should remain a favored asset for investors

Even Within Hard Hit Segment Opportunities Arise

• While national office vacancy has yet to recovery from the effects of remote work, suburban office space have outperformed expectations

• Investors should look past any bumps in the road and consider where things well be at 5 years down the road when making decisions