Austin had the most slippage among six key markets.

Huntsville, Ala., is an interesting case, as are Columbus, Ohio; Bentonville, Ark.; and Knoxville, Tenn.

Portland and Greenville have been identified as outperformers.

Building stronger, personal relationships with underwriters can pay off.

Marcus & Millichap sees strong tenant demand in markets such as Louisville, Seattle-Tacoma, Portland, and Boston.

Industrial and multifamily expect near-record deliveries.

Permitting is trending down, generally, but ticked up in December.

About three-fourths of survey respondents list it as No. 1.