The current situation has had a divergent impact on pricing. On one hand, we have seen continued competition for Multifamily and Logistics assets, as well as prime Offices.

On the other hand, pricing has come under pressure for value-add Office properties as well as Hotels and mainstream Retail.

A flight-to-quality trend is expected to continue. Occupiers are seeking high quality, flexible and healthy workspaces, which is echoed in investor appetite.