14 annotations
the soft markets in the U.S. include New Jersey, Seattle and Savannah
(No comment added)
Transcript
2024 Q1
24 Apr 24
Southern California is a market that continues to soften, vacancy rates are continuing to rise
(No comment added)
Transcript
2024 Q1
24 Apr 24
Over the last 1.5 years, global values have decreased despite increases in cash flow due to cap rate expansion.
(No comment added)
Transcript
2024 Q1
17 Apr 24
Valuations increased in all of our geographies, except for China, which saw a very small decline.
(No comment added)
Transcript
2024 Q1
17 Apr 24
global market rents declined slightly over 1% in the quarter, driven mostly by Southern California, and would have been slightly positive if excluded
(No comment added)
Transcript
2024 Q1
17 Apr 24
rents in most of our U.S. markets are generally flat
(No comment added)
Transcript
2024 Q1
17 Apr 24
The overall leasing slowdown is most felt in only a handful of markets, Southern California and the Inland Empire being the most acute.
(No comment added)
Transcript
2024 Q1
17 Apr 24
Amazon, who voiced caution 2 years ago but is now active in several global markets and has openly discussed plans to commit to significant amounts of new space
(No comment added)
Transcript
2024 Q1
17 Apr 24
expect continued headwinds on overall absorption over the next few quarters
(No comment added)
Transcript
2024 Q1
17 Apr 24
the macro landscape and supply chains continue to generate a need for space
(No comment added)
Transcript
2024 Q1
17 Apr 24
Net absorption in the U.S., for example, was very low this quarter at just 27 million square feet.
(No comment added)
Transcript
2024 Q1
17 Apr 24
Most broad economic data, from unemployment to retail sales, to the health of the consumer, remain very strong.
(No comment added)
Transcript
2024 Q1
17 Apr 24
some customers have spare capacity that they are utilizing to accommodate some of this growth
(No comment added)
Transcript
2024 Q1
17 Apr 24
the broader economy is generating a normal amount of demand
(No comment added)
Transcript
2024 Q1
17 Apr 24
- Prev
- 1
- Next