Tenants are favoring newer and higher-tech facilities

The segment of production most affected was mid/high rise.

Of the top 10 metros with the biggest increase in inventory, four were in Florida.

Columbus stands out as the most popular market in the Midwest region and in the U.S.

Portfolio and entity trades increased 24% over the past year, indicating that institutional capital is returning to the market.

Asking rents were 23% above pre-pandemic (June 2019) levels, while mortgage payments were 90% above

The inventory of smaller and more affordable homes has risen as a share of the market.

"Equity levels piggybacked on some of the biggest home-price spikes we've seen in recent years."