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Variation Across Cities
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Across major metropolitan markets, there was more variation in total returns over 2020-21. Cities with lower retail and higher industrial exposure tended to better though local market conditions also mattered.
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Explore MoreThe Shift Away From Office and Retail Continued…
Retail now has the smallest allocation of the four primary sectors.
Read More…Driven by Lower Asset Value Growth and Lower Net Investment
These allocation shifts have been driven by differences in both the rate of asset value growth, as well as by differences in net investment activity.
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