Fall Regulatory Summit

Internal Use Only

Topic #6:

Did Covid signal the death of “big box” and office?

And is housing market getting “frothy” again?

FALL REGULATORY SUMMIT Denver, CO – September 25, 2023

Internal Use Only Construction Spending (Source: U.S. Bureau of Census)

-50% -40% -30% -20% -10% 0% 10% 20% 30% 40%

Residential

Non-Residential

Jul-05

Jul-10

Jul-15

Jul-20

Jan-03

Jan-08

Jan-13

Jan-18

Jan-23

Sep-04

Sep-09

Sep-14

Sep-19

Mar-07

Mar-12

Mar-17

Mar-22

Nov-03

Nov-08

Nov-13

Nov-18

May-06

May-11

May-16

May-21

FALL REGULATORY SUMMIT Denver, CO – September 25, 2023