2016 Investment Prospects Improve for All Major Commercial Property Types

Scale:               1 Abysmal   2.Poor    3.Fair    4. Good    5. Excellent

                                                 2015                     2016*

Retail                                       3.01                      3.19

Hotels                                      3.37                      3.42

Office                                       3.17                      3.43

Multifamily                              3.48                      3.50

Industrial/Distribution              3.61                      3.63

* Source: Emerging Trends in Real Estate Survey