Investor Sentiment Remains Historically Strong Despite Rising
Interest Rate Climate

Investor Sentiment Modestly Retracts in Second Half

• Investor sentiment dipped 11 points in 2H 2022, reminiscent of 2016

• Interest rates and inflation ranked as top two concerns

Investor Decisions Not Curtailed by Economic Headwinds

• Rising interest rates only modestly tapering buyer intent

• Most investors indicated they would not change their investment decisions based on elevated inflation

Investors Divided on Rate Hikes Impact on Cap Rates

• Half of investors believe cap rates will rise, but half expect them to remain stable or fall

• Sentiment suggests activity going into 2023 will remain strong by historical standards