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Multifamily led all other asset classes, recording deals worth $8.2 billion.
Revenue per available room (RevPAR) continued to slip as did hotel loan originations.
Northeast leads nation in rent growth as states experience excess inventory
The average prime multifamily cap rate has risen by 155 basis points to 4.92% in a year
The rise of EVs matters because it stimulates demand in manufacturing and logistics real estate.
It used to be 28%. '
There are 60 million square feet in conversions planned or underway.
Prologis looks at several technologies reshaping supply chains.
There is a shortage of available manufacturing space and not enough power availability or labor supply.
The REIT calls it the supply chain productivity paradox.