1. Capital Markets Graphs
Q1 2018

2. Auspicious Start to 2018
Apartment, industrial, non-major markets most active segments
Source: RCA, Cushman & Wakefield Research
Deals over $5 million.

3. Core Single Asset Sales Driving Activity
Megadeal volumes recovering, entity deals sparse
(YoY change)
Source: RCA, Cushman & Wakefield Research
Deals over $5 million.

4. Capital Expanding Beyond Major Metros
Secondary and tertiary markets continue to see expanding liquidity
Source: RCA, Cushman & Wakefield Research
Deals over $5 million.

5. Nuance in Individual Markets
Top 15 Markets by Q Volume
Source: RCA, Cushman & Wakefield Research
Deals over $5 million.

6. Positive Deal Momentum Across Most Product Types
Multifamily, industrial –strong, getting stronger
Source: RCA, Cushman & Wakefield Research
Deals over $5 million.

7. Positive Deal Momentum Across Most Product Types
Multifamily, industrial –strong, getting stronger
Source: RCA, Cushman & Wakefield Research
Deals over $5 million.

8. Private Capital Leading the Way
Institutional, foreign capital still down markedly on a rolling 4-quarter basis
Source: RCA, Cushman & Wakefield Research
Deals over $5 million.

9. Yields Trends Nuanced by Product Type and Market Tier
Declining in secondary multifamily, suburban office and industrial; rising retail
Source: RCA, Cushman & Wakefield Research
Deals over $5 million.

10. Prices Rising on Multifamily, Industrial Strength
Non-major markets now outpacing major markets; suburban office returns above CBD
Source: RCA, Cushman & Wakefield Research

11. NCREIF Returns in-line with Recent Quarters
Industrial, office, generating the highest returns for investors
Source: NCREIF, Cushman & Wakefield Research

12. Office Market Graphs
Q1 2018

13. Office: Net Absorption/Asking Rent
4Q Trailing Average
Forecast
Source: Cushman & Wakefield Research

14. Office: Overall Vacancy
Forecast
Source: Cushman & Wakefield Research

15. Office: New Supply Historic Average = 11.0 MSF Forecast
Source: Cushman & Wakefield Research

16. Office: Asking Rent by Market
Highest Priced U.S. Markets
Source: Cushman & Wakefield Research

17. Office: Vacancy by Market
Select Markets in the U.S.
Source: Cushman & Wakefield Research

18. Industrial Market Graphs
Q1 2018

19. Net Absorption/Asking Rent
4Q Trailing Average
Forecast
Source: Cushman & Wakefield Research

20. Overall Vacancy
Forecast
Source: Cushman & Wakefield Research

21. Tight Market Conditions Continue
Overall Industrial Vacancy Rate
Source: Cushman & Wakefield Reserach

22. Development Pipeline Is Growing
Under Construction (Million Square Feet)
Source: Cushman & Wakefield Research

23. Supply Will Not Run Away From Demand
Deliveries by Type and Net Absorption (Million Square Feet)
Source: Cushman & Wakefield Research

24. Retail Market Graphs
Q1 2018

25. Rental Rate vs. Vacancy
Source: CoStar, Cushman & Wakefield Research

26. Availability by Type
Source: CoStar, Cushman & Wakefield Research

27. Retail Deliveries
MSF
Source: Costar, Cushman & Wakefield Research