Contacts Report Contact: Contributors: Research Leadership: Julie Whelan Miles Gibson Vincent Planque Richard Barkham Global Head of Occupier Thought Leadership Executive Director, UK Research Senior ESG Analyst, Econometric Advisors Global Chief Economist & [email protected] miles.gibson @cbre.com [email protected] Head of Americas Research [email protected] Stephanie Marthakis Felix Lee Toby Radcliffe Research Engagement Director Research Manager, Asia Pacific Senior Analyst, UK Research Henry Chin & ESG Task Force Lead [email protected] [email protected] Global Head of Investor Thought stephanie.marthakis @cbre.com Leadership & Head of Research, DraganaMarina Ben Wurtzel Asia Pacific Head of Research & Data Intelligence,, Senior Analyst, Tri-State Research [email protected] Denmark & Sustainability Research Lead, [email protected] Continental Europe Julie Whelan dragana.marina @cbre.com Global Head of Occupier Thought Leadership [email protected] ©Copyright 2023. All rights reserved. This report has been prepared in good faith, based on CBRE’s current anecdotal and evidence based views of the commercial real estate market. Although CBRE believes its views reflect market conditions on the date of this presentation, they are subject to significant uncertainties and contingencies, many of which are beyond CBRE’s control. In addition, many of CBRE’s views are opinion and/or projections based on CBRE’s subjective analyses of current market circumstances. Other firms may have different opinions, projections and analyses, and actual market conditions in the future may cause CBRE’s current views to later be incorrect. CBRE has no obligation to update its views herein if its opinions, projections, analyses or market circumstances later change. Nothing in this report should be construed as an indicator of the future performance of CBRE’s securities or of the performance of any other company’s securities. You should not purchase or sell securities—of CBRE or any other company—based on the views herein. CBRE disclaims all liability for securities purchased or sold based on information herein, and by viewing this report, you waive all claims against CBRE as well as against CBRE’s affiliates, officers, directors, employees, agents, advisers and representatives arising out of the accuracy, completeness, adequacy or your use of the information herein.