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How did our key calls for 2022 fare?

While our forecast that the economy would slow in 2022 on the back of high inflation and Fed policy tightening was right, like every other forecaster we were surprised by its extent. This threw off our call for further property yield falls in 2022. But we still think asking rents grew in all sectors. And, importantly, the majority of our market-level winners and losers look on track.

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