Investor Sentiment for Office & Industrial

Overall CRE Sentiment Stable, Points to Active Market

•Investors sustain positive outlook, on par with the prior peak – signals steady momentum

•Investor sentiment a forward-looking indicator of investor activity

Industrial Sentiment High as Performance Strengthens

•Half of Industrial investors plan to buy – highest of all commercial real estate property types

•Vacancy, rents to improve in 2019, despite elevated construction – implies healthy property appreciation and sustained investor interest

Slow & Steady Office Sector Keeps Sentiment Stable

•Consistent gains generated by office properties holding sentiment firm

•Vacancy set to fall for 9th straight year with rent growth reaching new highs