Q4 has been monopolized with talks about inflation – the CPI has increased 6.2% over the last 12 months – and how the infrastructure bill will further fuel upward pressure in prices; both for goods and assets. From where we are sitting we have seen continued growth in rental rates and a tightening of vacancy and interest rates across most asset classes.

In addition, the amount of liquidity, both debt and equity, has increased while the availability of product is noticeably low. This is definitely an interesting period we’re going through and we remain optimistic about 2022, despite the obvious headwinds we are facing.