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Dollar transaction volume in the quarter was down 17.4% and cap rates were off by 63 basis points year over year.
Big names in logistics continue to eye the need for data centers, but the tech industry might be getting cold feet.
The report of 114,000 new jobs and 4.3% unemployment rate in July falls well under the expected 185,000 and 4.1%.
It's a roller coaster of data to follow, with 0.2% month-over-month growth and a 0.8% drop year over year.
It could be even worse if years before 2012 were included.
Tech investors drove down share prices because they don't like longer-term horizons on data centers.
You may find yourself having to change over the software you depend on.
Some subordinated debt and mezzanine lenders have sold off positions, reportedly taking at least a 50% haircut.
But it still comes down to what the data will look like, and disappointing reads could put cuts off.
The first week of June 2024 saw the maximum in web search interest.