1、Copyright 2023.All rights reserved.This report has beenprepared ingood faith,basedon CBREs current anecdotal andevidence basedviews of thecommercial real estate market.AlthoughCBREbelieves its views reflect market conditions onthe dateof this presentation,they aresubject tosignificant uncertainties

2、andcontingencies,many of whichare beyond CBREs control.Inaddition,many of CBREs views are opinionand/or projections basedon CBREs subjective analyses of current market circumstances.Other firms may have different opinions,projections andanalyses,andactual market conditions inthe future may cause CBR

3、Es current views tolater be incorrect.CBREhas noobligationtoupdate its views hereinif its opinions,projections,analysesor market circumstances later change.Nothinginthis report shouldbe construedas anindicator of the future performance of CBREs securities or of the performanceof any other companys s

4、ecurities.Youshouldnot purchase or sell securitiesof CBREor any other companybasedontheviews herein.CBREdisclaims all liability forsecurities purchasedor soldbasedoninformationherein,and by viewingthis report,youwaive all claims against CBREas well as against CBREs affiliates,officers,directors,empl

5、oyees,agents,advisers andrepresentatives arisingout of the accuracy,completeness,adequacy or your useof theinformationherein.Copyright 2023.All rights reserved.This report has beenpreparedingoodfaith,basedonCBREs current anecdotal andevidence basedviews of the commercial real estatemarket.AlthoughCB

6、RE believes its views reflect market conditions onthedate of this presentation,they are subject tosignificant uncertainties andcontingencies,many of whichare beyondCBREs control.Inaddition,many of CBREs views are opinionand/or projections based onCBREs subject