1、Forecast0%1%2%3%4%5%6%1H 22H2 221H 23H2 231H 24H2 241H 25H2 25Percent and Percent changeGDP Growth(Ann ave%)Unemployment rateForecast-50,000050,000100,000150,000200,000250,000300,000Jan-20Jul-20Jan-21Jul-21Jan-22Jul-22Jan-23Jul-23Jan-24Number of peopleArrivalsDeparturesNet Migration-0.5%0.0%0.5%1.0%
2、1.5%2.0%2.5%3.0%AucklandOfficeChristchurch OfficeWellingtonOfficeAucklandIndustrialChristchurchIndustrialAuckland RetailCentreAnnual Average New Supply Current Supply PipelinePost GFC Average Supply-3%2%7%12%17%22%Dec-22Dec-23Dec-24Dec-25-5%0%5%10%15%20%25%30%Auckland PrimeOfficeWellington PrimeOffi
3、ceChristchurch PrimeOfficeAuckland PrimeIndustrialChristchurch PrimeIndustrialAuckland RetailCentrePercent Change2022202320242025total 2022-2025 growthForecast-30%-20%-10%0%10%20%30%40%1987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201
4、5201620172018201920202021202220232024202520262027Annual ReturnIncome returnCapital return based on rentCapital return based on yieldTotal returnForecastForecastForecast Copyright 2024.All rights reserved.This report has been prepared in good faith,based on CBREs current anecdotal and evidence based
5、views of the commercial real estate market.Although CBRE believes its views reflect market conditions on the date of this presentation,they are subject tosignificant uncertainties and contingencies,many of which are beyond CBREs control.In addition,many of CBREs views are opinion and/or projections
6、based on CBREs subjective analyses of current market circumstances.Other firms may have different opinions,projections and analyses,andactual market conditions in the future may cause CBREscurrent views to later be incorrect.CBREhasno obligation to update its views herein if its opinions,projections
7、,analyses or market circumstances later change.Nothing in this report should be construed as an indicator of the future performance of CBREs securities or of the performance of any other companys securities.You should not purchase or sell securitiesof CBRE or any other companybased on the views here
8、in.CBRE disclaims all liability forsecurities 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 use of theinformation herein.