1、Copyright 2023.All rights reserved.This report has beenpreparedingood faith,basedonCBREs current anecdotal andevidence basedviews of the commercial real estate market.AlthoughCBRE believes its views reflect market conditions onthe date of this presentation,they aresubject tosignificant uncertainties

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

3、REs current views tolater beincorrect.CBREhas noobligationtoupdate its views hereinif its opinions,projections,analyses or market circumstanceslater change.Nothinginthis report shouldbe construedas an indicator of thefuture performance of CBREs securities or of the performance of any other companys

4、securities.Youshouldnot purchase or sell securitiesof CBREor any other companybasedon the views herein.CBRE disclaims allliability for securities purchased or sold based on information herein,and by viewing this report,you waive all claims against CBRE as well as against CBREs affiliates,officers,directors,employees,agents,advisers and representatives arising out of the accuracy,completeness,adequacy or your useof the informationherein.