In the Americas, we believe the investing landscape will brighten in 2023. Drawing on our research and local team intelligence, we will keep a close eye on certain macroeconomic data, including U.S. employment trends, discretionary spending, real estate transaction volume and lending activity.
For Industrial, we are approaching the market with prudence. However, in Living we are focused on future demand. In Office, quality and differentiations beat commodity. Retail is challenged, but there are pockets of opportunity. And in emerging sectors, we are selectively approaching key themes.
The next 12 months will be unpredictable, but we are well positioned to work through a down cycle and to emerge stronger in the Americas. We are seeing and seeking more offensive moves in the year ahead. We remain focused on ESG as we expect a demand for energy retrofits and other ESG upgrades in 2023.
Download the Americas Overview