Globest Sectors

Suburban assets continue to be the focus of investor favor, with buyers allocating more than $25 billion into these properties in the third quarter alone.

There was 130 million square feet of vacant sublease space as of the third quarter, a decline of 2 million square feet over last quarter.

The JV will target a mix of core-plus, value-add investments and developments.

Approximately $840 million in equity has been allocated to the US joint venture.

The deal is expected to "lead to a high-quality acquisition pipeline" amid growing demand.

New leasing activity accounted for around half of all leases signed, a move that is "evidence of retailers' appetite to grow and reliance on brick-and-mortar stores as a key part of their business, even within the mall format."

With an initial target of $450 million, the venture will now have the capacity to fund $2 billion in industrial development projects.

Keynote speaker John Chang of Marcus & Millichap explains that each state and city is experiencing a unique reality.