Office and Industrial sectors reported solid growth, while the Retail sector continued to trend down.
Office rent continued to grow (3% y-o-y) into the third quarter, supported by continued robustness in U.S. leasing. Industrial rent observed strong growth (3% y-o-y) across all regions. Retail rent (-3% y-o-y) declined across all regions.
Compared to the same quarter last year, capital value growth in Q3 shows a gain in momentum in Office (5%) and Industrial (7%) sectors, and a loss in momentum in the Retail (-2%) sector.