The past decade has delivered a record number in that demographic.

But office continues to drag down the index.

Class A office effective rents have fallen 1.2% since 2022, CBRE said.

When a market is land constrained the result is often not pretty for developers.

When consumers feel good about the economy, apartment demand makes notable strides.

Most trends heading in wrong direction, according to CommercialEdge.

"We are no longer in a rising-tide lifts-all-boats market," according to Yardi Matrix.

However, the pace of growth for commercial real estate will be slower in 2024 than it was in 2023.