保德信房地产（PGIM Real Estate）：2022年全球房地产投资展望报告（英文版）

2022GLOBALOUTLOOKINVESTING THROUGH UNCERTAINTYMAY 2022INVESTMENT RESEARCHFor Professional Investors only. All investments involve risk, including the possible loss of capital.CENTRAL BUSINESS DISTRICT ESG-COMPLIANT OFFICESOMNICHANNEL RETAIL SENIOR HOUSINGLIFE SCIENCESURBAN LOGISTICSESG-COMPLIANT OFFICESLOGISTICSMEXICO INDUSTRIAL AND LOGISTICSDATA CENTERSAPARTMENT AND LOGISTICSSunbelt metros have outperformed in recent years, but coastal markets now offer attractive opportunities linked to rising employment and contained supplyIndustrial and logistics assets in Mexico offer elevated risk-adjusted returns because high cap rates compensate for country risk premium and lower rent growthSupply is struggling to keep up with rapidly rising demand for data center capacity, thereby boosting prospects of attractive net operating income growth over timeStrong employment growth bodes well for office demand, with an increasingly sharper focus on high-quality, sustainable assetsAn improving rental g