Office and Industrial sectors continue to show strength, while the Retail sector has begun to trend down.
Office rent continued its growth (3% y-o-y) into the second quarter, boosted primarily by strong U.S. leasing activity. Industrial rent observed strong upward growth (3% y-o-y) across all regions. Retail rent (-2% y-o-y) declined across all regions.
Compared to the same period last year, capital value growth in Q2 shows a gain in momentum in the Office (4%) and Industrial (7%) sectors, and a loss in momentum in the Retail (-1%) sector.