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High interest rates and debt costs put the brakes on new projects for now.
Current lease numbers are at 75% but could hit 90% with time still to go before students arrive next month.
California retains its top berth as having the largest number of most expensive markets with San Francisco at No. 1.
A number of tenants tied to the housing market closed distribution centers this year.
Vacancy rates climbed 2.1% over the past 12 months as more new units became available.
The top scorer in the country was Minneapolis-St. Paul-Bloomington.
Median asking rents rose in the Northeast and Midwest while they fell in the West.
The two companies plan to invest $300 million in outpatient healthcare real estate over the next two years.
Even workers who go into the office stay less than they did four years ago.
"Tighter budgets may lead some borrowers to seek out roommates and split rent."