Michelle Matteson

Globalized Total Return

Comparable annualized total return as at end of September 2016

Development

(change in U.S. commercial real estate under construction)

Industrial Demand

Value of manufacturers’ new orders; not seasonally adjusted; $ in millions

Employment Picture

Employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands

National Vacancies

U.S. office market conditions from Q4 2014 to Q4 2017*

CMBS Delinquencies

CMBS delinquencies by property type; $ in billions

NAI Global NL Leaderboard

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs.

The Brexit Effect

Brexit effect in the third quarter with a -2.4% capital growth contraction

Development

(change in U.S. commercial real estate under construction)