Pricing & valuations need to adjust to a compelling level
Yield softening by sector peak-to-trough (Q2 2022 – Q4 2024)
100 125 150 175 200 225
26
14
NIL
181
180
NIL
0 25 50 75
134
74
69
51
Book value
Market
Book value
Market
Book value
Market
Office
Industrial
Retail
2Q22-2Q24 2024 (year-end)
31 | © 2024 Jones Lang LaSalle IP, Inc. All rights reserved. Source: Company Reports, JLL Research
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